Industries – Telecommunications: Third

Morgan Stanley rises from runner-up to third place; the crew of five also finishes first in Information Technology & Media. In this sector Edward Hill-Wood shares leadership responsibilities with Cesar Tiron; both are based in London, while their teammates are stationed in Russia, South Africa and the United Arab Emirates. “We favor mobile operators that have created a sustainable advantage such as network quality, distribution or branding that enables them to outgrow their voice and data markets,” says Hill-Wood. “As the focus shifts from growth to value, we prioritize companies that we believe can exceed market expectations for cash generation and dividends.” Recommended stocks include Russia’s MegaFon; Saudi Arabia’s Etihad Etisalat Co., popularly known as Mobily; and South Africa’s MTN Group. The analysts cover 30 companies across both sectors and plan to expand their coverage universe this year. — Pam Baker