SOURCE: Institutional Investor

Institutional Investor

July 06, 2011 18:01 ET

CLSA Tops Institutional Investor's First All-India Research Team

Kotak Securities Is Highest-Ranked Domestic Firm in Inaugural Survey

NEW YORK, NY--(Marketwire - Jul 6, 2011) - Analysts at CLSA Asia-Pacific Markets publish the best research on India's equity markets -- by far -- according to portfolio managers and buy-side analysts who participated in Institutional Investor's inaugural All-India Research Team survey.

The complete list of winners and the team methodology can be found on our web site, www.institutionalinvestor.com.

CLSA captures 15 total team positions, half again as many as the two firms that tie for second place: Credit Suisse and Kotak Securities. BofA Merrill Lynch Global Research comes in a close fourth, with nine positions, followed by Morgan Stanley, with eight.

Kotak Securities, a division of the Kotak Mahindra Group, is the only local brokerage in the top five, although other India-based firms -- including Anand Rathi Financial Services, Enam Securities, IDFC Securities and Motilal Oswal Securities -- feature in the overall results.

The ranking reflects the opinions of nearly 500 individuals at some 280 institutions globally that manage an estimated $187 billion in Indian equity assets, or 66.8 percent of the MSCI India index market capitalization at the time of the polling.

For more information contact Tom Johnson at tjohnson@iimagazine.com.

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