second team Ben Laidler & team J.P. Morgan
third team Pedro Martins Jr., Fanny Oreng & team BofAMerrill Lynch
On top for a second consecutive year and for the sixth time in eight years is the UBS Pactual foursome led by Damian Fraser, 44. Their research is profound and accurate, hails one enthusiastic buy-sider. The Mexico Citybased squad produces a focus list of ten stocks they expect to outperform, and in December added the preferred shares of Brazils Net Serviços de Comunicação, citing the the cable TV and broadband-Internet providers manageable debt load and strong cash generation. The stock zipped from R13.17 to R19.05 through July and outperformed Mexicos broad market by 8 percentage points.
Unranked since 2005, the J.P. Morgan team, now guided by new team leader Ben Laidler, captures second place. In February the New York-based economists adjusted their model portfolio to overweight the ADRs of Mexicos Cemex, citing the building-materials manufacturers cost-cutting initiatives.
Through July the ADRs advanced from $7.96 to $9.39. Although they drop a notch to No. 3, the BofA-Merrill trio continues to win praise for their deep regional knowledge, in the words of one portfolio manager. The São Paulobased team, co-led by Pedro Martins Jr. and newcomer Fanny Oreng, added Brazils Cía. de Concessões Rodoviárias to their focus list in December, based in part on the highway managers solid cash flow. Through July the stock zoomed 41.8 percent, from R21.51 to R30.50.
Back to index page of the Latin America Research Team's Best Analysts of the Year .
Click here to view article, Latin America Comes Roaring Back .
Click here to see the Latin America Research Team rankings.