TIM reveals the brokers who picked the Australia and New Zealand stocks that made 2017 an epic year for trading19th July 2018
- UBS topped the bulge bracket broker rankings for the third year in a row.
- Tim Usasz at Credit Suisse was the top bulge bracket salesperson, with an outperformance of 5.72%.
- Tom Gunnerson of Cannacord Genuity was the top performing mid-tier salesperson, beating the market by 6.36%.
- Globally, each idea submitted to the TIM platform yielded an average market outperformance of 0.15% in the first few days.
Hong Kong, 23rd May 2018: TIM, operator of the leading global trade ideas network and alpha capture platform, has released the Australia and New Zealand results of their 2018 Top Performer Awards, based on performance during 2017.
Low interest rates, economic growth and corporate profit rises meant that equity markets in 2017 gained in almost every country. In Australia and New Zealand the AXKO index increased by 5.97%.
Arguably, this might have made calling out the stocks that would outperform the market even more of a challenge than usual. However, the brokers within the TIM community still managed to make 2017 the strongest year for alpha creation since 2013 and our Top Performer results highlight the very top performing equity salespeople and their firms.
Our awards, now in their sixth year, are a unique global ranking, recognising and quantifying top performing firms and individuals – those whose trade ideas have consistently outperformed relevant regional indexes over the last year. Rankings are based on a number of factors, with an emphasis on consistency – looking at overall performance against total number of ideas – rather than one or two exceptional ideas.
“We are delighted with the strong performance achieved by so many contributors to our trade ideas network”, comments Rich Koppel, TIM CEO. “We are grateful for the role they play in strengthening our network and driving its continued growth. Congratulations to all of our 2018 award winners.”
A full list of Australia and New Zealand winners and also the Europe, North America and other APAC regional winners can be found on TIM’s website: www.timgroup.com/awards/latest/ as can information on the methodology and criteria used to compile the rankings: www.timgroup.com/awards.