Here are some of the facts, figures and highlights of the 2016 Latin America Research Team, Institutional Investor’s annual ranking of the region’s leading sell-side analysts.

Most popular squads (as measured by number of votes cast):

• Pedro Leduc, Andrea Teixeira & team of J.P. Morgan, Food & Beverages (first place)

• David Beker, Claudio Irigoyen & team of Bank of America Merrill Lynch, Economics (first place)

• Carlos Constantini & team of Itaú BBA, Brazil (first place)

• Domingos Falavina & team of J.P. Morgan, Financials/Banks (first place)

• Ilan Goldfajn & team of Itaú BBA, Economics (third place)

Most popular sectors (as measured by number of voters*):

• Economics (winner: David Beker, Claudio Irigoyen & team, Bank of America Merrill Lynch)

• Brazil (Carlos Constantini & team, Itaú BBA)

• Financials/Banks (Domingos Falavina & team, J.P. Morgan)

• Equity Strategy (Guilherme Paiva & team, Morgan Stanley)

• Food & Beverages (Pedro Leduc, Andrea Teixeira & team, J.P. Morgan)

Most popular sectors (as measured by number of votes*):

• Economics (winner: David Beker, Claudio Irigoyen & team, Bank of America Merrill Lynch)

• Financials/Banks (Domingos Falavina & team, J.P. Morgan)

• Brazil (Carlos Constantini & team, Itaú BBA)

• Food & Beverages (Pedro Leduc, Andrea Teixeira & team, J.P. Morgan)

• Retailing (Joaquín Ley, Thiago Capucci Macruz & team, Itaú BBA)

(*Survey participants may cite up to four analysts per sector.)

Five analysts oversee more than one top-ranked team:

• Ricardo Cavanagh of Itaú BBA

— Argentina

— Chile

— Also pilots a team that earns a runner-up spot for coverage of North Andean Countries

• Domingos Falavina of J.P. Morgan

— Financials/Banks

— Financials/Nonbanks

• Claudio Irigoyen of Bank of America Merrill Lynch

— Economics (with David Beker)

— Sovereign Debt (with Jane Brauer)

_ Also manages the No. 3 team in Local Markets Strategy (with David Beker)

• César Pérez-Novoa of BTG Pactual

— North Andean Countries (with Alonso Aramburú)

— Pulp & Paper (with Leonardo Correa)

— Also oversees the No. 2 teams in Chile (with Alonso Aramburú) and Metals & Mining (with Leonardo Correa)

• Andrea Teixeira of J.P. Morgan

— Food & Beverages (with Pedro Leduc)

— Health Care (with Joseph Giordano)

— Also directs the No. 2 team in Retailing

Fifteen other analysts helm crews that top one sector and rank in at least one other:

• Alonso Aramburú of BTG Pactual

— Argentina (with Andres Borenstein), third place

— Chile (with César Pérez-Novoa), second place

— Financials/Banks (with Eduardo Rosman), runner-up

— Financials/Nonbanks (with Eduardo Rosman), runner-up

— North Andean Countries (with César Pérez-Novoa), first place

• David Beker of Bank of America Merrill Lynch

— Brazil (with Felipe Hirai), second place

— Economics (with Claudio Irigoyen), first place

— Local Markets Strategy (with Claudio Irigoyen), third place

• Gustavo Cambauva of BTG Pactual

— Cement & Construction (with Gordon Lee), first place

— Real Estate (with Gordon Lee), third place

• Thiago Capucci Macruz of Itaú BBA

— Health Care, second place

— Retailing (with Joaquín Ley), first place

• Leonardo Correa of BTG Pactual

— Metals & Mining (with César Pérez-Novoa), second place

— Pulp & Paper (with César Pérez-Novoa), first place

• Sara Delfim of Bank of America Merrill Lynch

— Capital Goods (with Murilo Freiberger), first place

— Transportation (with Ronald Epstein), runner-up

• Fernando Ferreira of Bank of America Merrill Lynch

— Agribusiness (with Isabella Simonato), first place

— Food & Beverages (with Isabella Simonato), second place

• Adrian Huerta of J.P. Morgan

— Cement & Construction (with Marcelo Motta), second place

— Real Estate (with Marcelo Motta), first place

• Gordon Lee of BTG Pactual

— Cement & Construction (with Gustavo Cambauva), first place

— Mexico (with Claudio Ferraz), runner-up

— Real Estate (with Gustavo Cambauva), third place

• Frank McGann of Bank of America Merrill Lynch

— Oil, Gas & Petrochemicals (with Vicente Falanga Neto), first place

— Argentina (with Sebastian Rondeau), second place

• Marcelo Motta of J.P. Morgan

— Cement & Construction (with Adrian Huerta), second place

— Real Estate (with Adrian Huerta), first place

• Guilherme Paiva of Morgan Stanley

— Argentina (with Cesar Medina), runner-up

— Brazil, runner-up

— Equity Strategy, first place

• Carlos Peyrelongue of Bank of America Merrill Lynch

— Cement & Construction (with Daniel Gasparete), runner-up

— Equity Strategy (with Felipe Hirai), runner-up

­— Mexico (with Carlos Capistran), first place

— North Andean Countries (with Francisco Rodríguez), third place

— Real Estate (with Daniel Gasparete), runner-up

• Isabella Simonato of Bank of America Merrill Lynch

— Agribusiness (with Fernando Ferreira), first place

— Food & Beverages (with Fernando Ferreira), second place

• Gregorio Tomassi of Itaú BBA

— Equity Strategy, runner-up

— Mexico, runner-up

— Technology, Media & Telecommunications (with Susana Salaru), first place

Three teams turn in their first sector-topping appearances:

• Ricardo Cavanagh & team of Itaú BBA, Chile

• Joseph Giordano, Andrea Teixeira & team of J.P. Morgan, Health Care

• Adrian Huerta, Marcelo Motta & team of J.P. Morgan, Real Estate

Number of analysts who appear on the roster: 144

Number of firms they represent: 14

Number of analysts who meet the survey’s eligibility criteria: 301**

Number of firms they represent: 38*

Number of analysts making their first appearance on the team: 39 (the full list can be found here)

**Data regarding analysts and firms not appearing here are available from the Institutional Investor Research Group; for information please contact Esther Weisz at 212-224-3307 or eweisz@iiresearchgroup.com.

The 2016 Latin America Research Team is based on input from more than 900 representatives of some 450 institutions that manage an estimated $337 billion in Latin American equities and approximately $304 billion in Latin American debt.