The Brendan Wood International real-time
Shareholder Confidence Index is a running report of
views of major institutional investors and top analysts on shares of
the large cap business enterprises worldwide.
Recent Shareholder Confidence
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Companies
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CEO's
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CFO's
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Previous Examples of Findings -
Observations from First Quarter 2009:
1) Bailout
Support and Small Items of Good News Have Not Restored Confidence In
The Big Banks
None of the world's biggest banks, not
even JP Morgan Chase, appeared in top ratings of
firms in the BWI SCI.
2) Insurance Companies Are Also
Out of Favour, Only Manulife Making It Into The Top
20
Given the virtual disappearance of independent
investment banks, the Index therefore shows continued low confidence
in the financial sector in general, a complete reversal of past
rankings before the crash.
3) Consumer and Retail
Corporations, Like Wal-Mart and Costco, Are Much In Favour, Both
These And Procter & Gamble Found Well Up In The Top
20
"The big banks are
clearly going to have a very hard struggle to raise new capital,"
commented Neil Cameron, a market history analyst with BWI.
"Investors looking for refuge in the retail sector provide a
familiar pattern in downturns, holding even when overall consumer
confidence is low. So the BWI SCI is still revealing a 'wait and
see' outlook among big investors. The big spending plunge by the
U.S. Federal Government has not produced visible investor
re-assurance.
For further information on the BWI SCI, contact Johann Rodrigues at BWI's Toronto branch, 1-416-924-8110 or jrodrigues@brendanwood.com
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