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The 2016 All-America Fixed-Income Research Team: Sector Leaders

J.P. Morgan is survey champion, but Bank of America Merrill Lynch is home to the highest number of top-ranked researchers.

  • Thomas W. Johnson

J.P. Morgan not only captures the top spot on Institutional Investor’s All-America Fixed-Income Research Team for a seventh straight year, it also lays claim to more analysts and teams considered the best in their coverage areas than any other firm but Bank of America Merrill Lynch (which lands in second place overall). The latter firm has 15 sector champions; the former, 14.

Listed below by industry are this year’s top-ranked individuals in both High Yield and Investment Grade, and below that are the winning teams in Economics & Strategy:

Aerospace & Defense

IG: Brian Jacoby (see also Transportation)

Goldman, Sachs & Co.

Autos & Auto Parts

HY: Douglas Karson (see also Manufacturing)

Bank of America Merrill Lynch

IG: Douglas Karson

Bank of America Merrill Lynch

Banks

IG: James Strecker (see also Nonbank Financials)

Wells Fargo Securities

Basic Industries

IG: S. Karl Blunden

Goldman, Sachs & Co.

Broadcasting & Publishing

HY: J. Davis Hebert

Wells Fargo Securities

Building

HY: Susan Berliner (see also Gaming & Lodging)

J.P. Morgan

Cable & Satellite

HY: Jason Kim

Goldman, Sachs & Co.

Chemicals

HY: Roger Spitz (see also Paper & Packaging)

Bank of America Merrill Lynch

Consumer Products

HY: M. Grant Jordan

Wells Fargo Securities

IG: Todd Duvick (see also Retailing)

Wells Fargo Securities

Electric Utilities

HY: Peter Quinn

Bank of America Merrill Lynch

IG: Peter Quinn

Bank of America Merrill Lynch

Energy

HY: Gary Stromberg

Barclays

IG: Harry Mateer

Barclays

Financials

HY: Mark Hammond

Bank of America Merrill Lynch

Food & Beverages

HY: Bryan Hunt

Wells Fargo Securities

Gaming & Lodging

HY: Susan Berliner (see also Building)

J.P. Morgan

Health Care

HY: Larry Bland

Bank of America Merrill Lynch

IG: Hima Inguva

Bank of America Merrill Lynch

Insurance

IG: Robert Hauff

Wells Fargo Securities

Manufacturing

IG: Douglas Karson (see also Autos & Auto Parts)

Bank of America Merrill Lynch

Manufacturing/General Industrials

HY: Manish Somaiya (see also Services)

Citi

Media & Entertainment

IG: J. Nicole Black Skinner

Wells Fargo Securities

Metals & Mining

HY: David Deterding

Wells Fargo Securities

Nonbank Financials

IG: James Strecker (see also Banks)

Wells Fargo Securities

Paper & Packaging

HY: Roger Spitz (see also Chemicals)

Bank of America Merrill Lynch

Real Estate Investment Trusts

IG: Thierry Perrein

Wells Fargo Securities

Retailing

HY: William Reuter

Bank of America Merrill Lynch

IG: Todd Duvick (see also Consumer Products)

Wells Fargo Securities

Services

HY: Manish Somaiya (see also Manufacturing/General Industrials)

Citi

Technology

HY: Ana Goshko (see also Telecommunications Services)

Bank of America Merrill Lynch

IG: Scott Wipperman (see also Telecommunications Services)

Goldman, Sachs & Co.

Telecommunications Services

HY: Ana Goshko (see also Technology)

Bank of America Merrill Lynch

IG: Scott Wipperman (see also Technology)

Goldman, Sachs & Co.

Transportation

HY: Mark Streeter

J.P. Morgan

IG: Brian Jacoby (see also Aerospace & Defense)

Goldman, Sachs & Co.

Economics & Strategy

Agency-Structured Products Strategy

Nicholas Maciunas, Brian Ye & team (see also Prepayments Strategy and Residential Mortgage-Backed Securities Strategy/Agency)

J.P. Morgan

Bond Market Indexes

Nicholas Gendron & team

Barclays

Collateralized Loan Obligations

John David Preston & team

Wells Fargo Securities

Commercial Mortgage-Backed Securities Strategy

Alan Todd & team

Bank of America Merrill Lynch

Commodities

Jeffrey Currie & team

Goldman, Sachs & Co.

Consumer Asset-Backed Securities Strategy

Theresa O’Neill & team

Bank of America Merrill Lynch

Credit Derivatives

Eric Beinstein, Dominique Toublan & team (see also Investment-Grade Strategy)

J.P. Morgan

Currency/Foreign Exchange

Calvin Tse & team

Morgan Stanley

Economics

Jan Hatzius & team

Goldman, Sachs & Co.

Fixed-Income Strategy

Matthew Jozoff, Alex Roever & team (see also Residential Mortgage-Backed Securities Strategy/Agency and Short-Duration Strategy)

J.P. Morgan

High-Yield Strategy

Peter Acciavatti & team

J.P. Morgan

Interest Rate Derivatives

Joshua Younger & team

J.P. Morgan

Investment-Grade Strategy

Eric Beinstein & team (see also Credit Derivatives)

J.P. Morgan

Municipals Strategy

Peter DeGroot & team

J.P. Morgan

Prepayments Strategy

Brian Ye & team (see also Agency-Structured Products Strategy and Residential Mortgage-Backed Securities Strategy/Agency)

J.P. Morgan

Residential Mortgage-Backed Securities Strategy/Agency

Matthew Jozoff, Brian Ye & team (see also Agency-Structured Products Strategy, Fixed-Income Strategy and Prepayments Strategy)

J.P. Morgan

Residential Mortgage-Backed Securities Strategy/Nonagency

Kaustub Samant, John Sim & team

J.P. Morgan

Short-Duration Strategy

Teresa Ho, Alex Roever & team (see also Fixed-Income Strategy)

J.P. Morgan

Technical Analysis

David Ader, Ian Lyngen (see also U.S. Rates Strategy)

CRT Capital Group

Treasury Inflation-Protected Securities

Michael Pond & team

Barclays

U.S. Rates Strategy

David Ader, Ian Lyngen (see also Technical Analysis)

CRT Capital Group

II’s 2016 All-America Fixed-Income Research Team reflects the opinions of nearly 1,900 portfolio managers and buy-side analysts at some 535 institutions that oversee an estimated $9.7 trillion in U.S. fixed-income assets.