EM Equity Sector Strategy

BCA is a market-leading provider of independent investment research. Our Equity Research Services combine our proprietary macroeconomic framework with industry expertise and fundamental company analysis to identify unique insights and investment opportunities.


EM Equity Sector Strategy builds on BCA's global macroeconomic thematic research, adding analysis on industry sectors and company level winners and losers. Our approach overlays macroeconomic themes and indicators with sector-level impact analysis, fundamental company research and quantitative modeling to deliver a consistent framework that connects the dots from analysis to actionable investment conclusions.



Initiating Coverage Research: In-depth analysis of themes and emerging trends. Each report will provide in-depth research for an investment case, sector views, and fundamental research to identify company-level winners and losers. Each report will present actionable investment recommendations to support different investment strategies.

Market Updates: A review of performance on the top and bottom 20 ranked sectors based on our proprietary quantitative ranking model, changes within the market and updates on BCA sector views and recommendations.


Special Reports: Covering a specific topic or theme in more depth, supported by investable conclusions.

Alerts: Thoughtful coverage of time sensitive developments within EM Equity Markets.


Webcasts: A monthly interactive webcast with the lead Analyst reviewing specific sectors, market trends, company outlooks and answering questions from clients.

Analyst Call: A regular call with the lead Analyst to help integrate our research into a client's investment focus and strategy.


A unique web platform that provides access to our research and proprietary model to allow users to analyse and screen EM equity sectors and company-level data and analytics. For each sector, we provide a BCA score, which quantifies investment potential.


  • A comprehensive and consistent objective investment framework that integrates macro and sector research with fundamental company analysis to deliver superior investment ideas.
  • Link market opportunities to investment strategies though our unique online ranking tools and screener.
  • Track market changes and emerging trends through high quality research and Analyst access.


"At a macro level [we use BCA]. At present, I have to translate it into actions at a sector or company level. With EMES, it's a natural progression from macro to sector. I like the summary page upfront [and] how the case has been built up on the macro. The way it has its own sector ranking - that's interesting. It lets us do our own analysis on it. I also like the part with ETFs and how to impact existing portfolios."

Portfolio Manager, Institutional Investment Manager, New York

Garry Evans

Chief Strategist

Garry Evans joined BCA Research in August 2015 as Managing Editor of the Global Asset Allocation service. He previously worked at HSBC for 16 years as Global Head of Equity Strategy, Asia-Pacific Strategist, and Japan Strategist. Garry was Editor of Euromoney Magazine from 1990 to 1998. He has an MA in Asian Studies from Cambridge University, and undertook postgraduate studies in economics at Kyoto University in Japan.

Oleg Babanov


Oleg Babanov joined BCA Research as EM Sector Strategist/Editor in February 2016. Prior to that Mr. Babanov worked in various roles in private wealth management, as Fixed Income Analyst for Credit Suisse (Commodities and Emerging Markets Credit), as EMEA Equity Research Associate for Bloomberg and Equity Analyst for an EM specialist asset manager. Oleg holds a BSc Hons from Royal Holloway and MA from University College London.

BCA Research Survey

As part of our commitment to deliver the highest quality investment research and analysis with the best user experience, we would appreciate your feedback by filling out this short survey. Thank you for your co-operation.

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B. Delivery mechanism for reading research online
C. Meeting with Strategists (breakfasts, webcasts, etc.)
D. BCA events (conferences, etc.)
E. Answering ad-hoc research queries
F. Subscription and billing process
G. Regular interaction with dedicated account manager
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4. Which of the following mobile features are most important for you? (tick 3 most important)
A. Reading full research reports
B. Receiving a morning daily briefing on critical research topics
C. Searching for key indicators or analytics on markets of interest
D. Receiving short intra-day research alerts
E. Reading BCA blogs/microblogs
F. Listening to podcasts or watch webcasts on key research topics
G. Interact with other BCA users (e.g. sharing content and comments)
H. Accessing BCA Edge/Analytics
I. Interacting with BCA Strategists to answer research questions
J. Networking with other BCA clients

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