Here are some of the key facts, figures and noteworthy results of the 2016 All-Brazil Research Team survey, Institutional Investor’s exclusive annual ranking of the nation’s leading sell-side analysts.

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

Ilan Goldfajn of Itaú BBA, Economics (first place)

Ciro Matuo of Itaú BBA, Corporate Debt (first place)

Eduardo Rosman of BTG Pactual, Financials/Banks (first place)

Leonardo Correa of BTG Pactual, Metals & Mining (first place)

Eduardo Rosman of BTG Pactual, Financials/Nonbanks (first place)

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

• Economics (winner: Ilan Goldfajn, Itaú BBA)

• Financials/Banks (Eduardo Rosman, BTG Pactual)

• Equity Strategy (Guilherme Paiva, Morgan Stanley)

• Corporate Debt (Ciro Matuo, Itaú BBA)

• Retailing (Fábio Monteiro, BTG Pactual)

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

• Economics (winner: Ilan Goldfajn, Itaú BBA)

• Financials/Banks (Eduardo Rosman, BTG Pactual)

• Retailing (Fábio Monteiro, BTG Pactual)

• Metals & Mining (Leonardo Correa, BTG Pactual)

• Electric & Other Utilities (Antonio Junqueira, BTG Pactual)

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

Currently ranked analysts with the longest winning streaks:

Ciro Matuo of Itaú BBA, Corporate Debt, six years

Guilherme Paiva of Morgan Stanley, Equity Strategy, six years

Three analysts oversee more than one top-ranked team:

Thiago Duarte of BTG Pactual

— Agribusiness

— Food & Beverages

Ilan Goldfajn of Itaú BBA

— Economics

— Sovereign Debt

Eduardo Rosman of BTG Pactual

— Financials/Banks

— Financials/Nonbanks

Five other analysts top one sector and rank in at least one other:

Leonardo Correa of BTG Pactual

— Metals & Mining, first place

— Pulp & Paper, third place

Renata Faber of Itaú BBA

— Capital Goods, first place

— Transportation, runner-up

Bruno Giardino of Santander

— Education, first place

— Health Care, third place

Thiago Capucci Macruz of Itaú BBA

— Education, second place

— Health Care, first place

— Retailing, runner-up

Ciro Matuo of Itaú BBA

— Corporate Debt, first place

— Sovereign Debt, third place

Four analysts finish in first place for the first time:

Lucas Ferreira of J.P. Morgan, Pulp & Paper

Ilan Goldfajn of Itaú BBA, Sovereign Debt

Thiago Capucci Macruz of Itaú BBA, Health Care

Eduardo Rosman of BTG Pactual, Financials/Banks and Financials/Nonbanks

Number of analysts who appear on the roster: 79

Number of firms they represent: 13

Number of analysts who meet the survey’s eligibility criteria: 392**

Number of firms they represent: 31**

Number of analysts appearing on the team for the first time: 18

**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 All-Brazil Research Team is based on responses from 714 buy-side analysts and portfolio managers at 375 institutions that oversee an estimated $252 billion in Brazilian equities and $136 billion in Brazilian debt.