Best emerging markets equity house:
Morgan Stanley
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Key to the post-crisis rehabilitation of Morgan Stanley’s business model has been its steely focus in recent years on its competitive strengths as a client-focused capital-efficient investment bank, with a strong advisory and wealth-management business.
Its emerging markets equity business over the last year aptly demonstrates this investment-banking clout. During the awards period, Morgan Stanley’s equity franchise stands out for being particularly well-balanced across sectors and products, while it has not been dependent on large block deals for league-table credit.
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