How many rankings does Institutional Investor produce each year?

Where do I vote?


Research Teams:
What are the requirements for sell-side participants?
Is voting open to all money managers?
Can I nominate an analyst for consideration?
How are the Research Team rankings determined?
What is the Research Team polling and publication schedule?

Sales and Corporate Access:
How are the rankings determined?
 

Executive Teams:
What is an Executive Team survey?
What are the requirements for buy-side participants?
What are the requirements for sell-side participants?
How are the Executive Team rankings determined?
What is the Executive Team polling and publication schedule?


How many rankings does Institutional Investor produce each year?Institutional Investor Research conducts twelve surveys globally across equities and fixed income, covering the Buy-side, Sell-side and Corporates. The data collected in the surveys is used to produce Research and Rankings that are recognized internationally for their independence, integrity and breadth. Each survey varies in complexity according to the size of the market but in general cover industry, country and macro categories for Research, as well as Sales, Corporate Access, Trading & Execution and Executive Team for Corporates.

Where do I vote?
https://voting.institutionalinvestor.com/welcome

Follow the steps to register if you are a first time user or if you have changed email addresses (firms) – your email will need to be re-validated. Existing voters can start voting on this platform.


Research Teams:

What are the requirements for sell-side participants?
An analyst must publish investment research during the period covered by the poll. Each Institutional Investor Research team survey is divided into at least three voting categories: Industries, Countries and Macro. Analysts must be certified pursuant to Regulation AC (or equivalent) to be recognized as winners or team leaders in all industry sectors; no such restriction applies to the sectors in Economics & Strategy categories. Winners must achieve a minimum vote count. We recommend that an analyst is not entered in more than five industry sectors (including Countries).

Is voting open to all money managers? 
We set minimum criteria for the firm and eligibility of the individual. These include:

  • Firm: Recognised investment institutions, minimum and commission wallet; these vary according to the size of the market.
  • Individual: Qualified investment professional, PM, Analyst, Economists for Research, Role is Trader (or PM) for trading surveys.

We distribute the list of firms invited to participate prior to each survey and subscribing clients receive the list of buy-side firms that voted. Further details of buy-side participation is confidential and anonymous. We only allow equity investment professionals to vote in equity surveys and fixed income managers to vote in the fixed income surveys.

Inquiries may be directed to Head of Voter Engagement: dynah.kent@institutionalinvestor.com 

Can I nominate an analyst for consideration?
Sell-side firms upload their analyst roster names and the sectors to receive votes. We allow survey participants to add additional names during the voting process and these are verified and validated with the sell-side firm. All sell-side analysts are eligible for consideration provided they meet the requirements outlined above.

How are the Research Team rankings determined? 
Both the firm and individual rankings are determined by a numerical score which is detailed in the methodology document issued for each survey. Votes are weighted according to the relevance of each buy-side firm to the particular market and this is usually commission-weighted (with a few exceptions). A firm or individual is assigned a position first, second, third or Runner-Up (RU). To achieve an RU place, the score must fall within 35% of the third place score.

What is the Research Team polling and publication schedule?
Polling generally lasts about four weeks per survey, the approximate dates of distribution are in the following table and the dates on which the latest results of each survey will be published on our website. Feature coverage can be found on the website at this time.

These dates are subject to change, so please check back for updates. 


Sales and Corporate Access:

How are these rankings determined?

Sales Teams 
Sales and Corporate Access votes are collected at a firm level in the same way as for Research (seven firms can be nominated) but only includes firm names and a range of attributes. Votes are collected both by geography and for product.

Trading & Execution
The Trading & Execution survey is currently on a different platform to Research Advisory. We survey buy-side traders and other investment professionals at asset management firms, hedge funds, and mutual funds that trade in the region under consideration. Voters are invited to rank their top execution and trading service providers on several key attributes for Electronic, Delta One, High Touch and Portfolio Trading as well as content in our Market Colour section.

Voters choose up to four providers for each attribute within these areas. Votes are weighted based on the participating institution’s estimated gross secondary market commissions for cash equities in the region for the previous year. Service providers also receive different weights based on how voters position the broker (first, second, third or fourth). The weighted votes are used to create scores for each firm, which determined the rankings. The leaders tables for Delta One, High Touch, Electronic and Portfolio trading are based on the aggregate scores of the attributes in each category.


Executive Teams:

What is an Executive Team survey?
Our executive team rankings illustrate how corporate leaders and companies are viewed by investment professionals on both the buy and sell sides. We currently publish five such analyst-perception studies, covering Asia (ex-Japan), Europe, Japan, Latin America and the United States.

What are the requirements for buy-side participants? 
Buy-side analysts and money managers who vote in the Research Team surveys are eligible to participate in the associated Executive Team survey. They are invited to name the best CEO, CFO and IR Professional at the companies in their coverage universes. 

Voters are also asked to nominate companies for excellence in investor relations by rating their program across several performance metrics. Scores are aggregated to produce an overall ranking for each company.

What are the requirements for sell-side participants? 
Analysts who cover the industry may vote in the relevant Executive Team survey. They are invited to name the best CEO, CFO and IR Professional at the companies in their coverage universes. 

Voters are also asked to nominate companies for excellence in their IR program by rating them across several performance metrics. Scores are aggregated to produce an overall ranking for each company. 

How are the Executive Team rankings determined?
All votes are weighted by rating (one to five stars). The overall rankings in each of the categories — Best CEO, Best CFO, Best IR Professional, Investor Relations Program, ESG/SRI Metrics, Analysts Day and Corporate Governance — are based on combined buy- and sell-side votes. Separate rankings for buy- and sell-side responses are also available for each award classification.

Most Honored Company is a designation awarded to companies achieve two or more top-three appearances in the buy-side and/or sell-side rankings for Best CEO, CFO, IRO and Best Investor Relations Program, with a weighted score of at least four; the rank is determined by weighted score wherein each first-place position is worth three points; second place, two; and third place, one.  When a tie exists in the weighted score, companies are ordered according to the number of ranked positions they receive in their industry sectors. 

To be eligible for inclusion on any of the Executive Teams, a company must be headquartered or have operational or executive headquarters in the relevant region.

Executive team questions are included on the appropriate research-team ballot for buy-side participants while sell-side participants are polled separately during the same period. We do not disclose the exact date on which a ballot is distributed but do offer the following general guidelines. The dates on which the latest results of each survey will be published on our website and feature coverage can be found on the website at this time.
 

The publication dates are subject to change, so please check back for updates.