Top 10 Asia Pac Ideas Quarterly: Summary of Performance

研报英文原文证据摘录

Top 10 Asia Pac Ideas Quarterly: Summary of Performance

stock selection process, a committee drawn from members of BofA Global Research

APAC Research Management is responsible for soliciting views on catalysts from our

fundamental equity teams and making determinations of which companies will comprise

the list for each quarter.

In order to qualify as an outperform idea, a stock must have a BUY recommendation

from a BofA fundamental analyst. In order to qualify as an underperform idea, a stock

must have an UNDERPERFORM recommendation from a BofA fundamental analyst.

Once selected, our intention is that a stock would remain on the list for that quarter,

unless the committee, at its discretion, removes the stock in connection with an

analyst's rating change or a significant event on the stock. Notwithstanding this

intention, a stock pick may be included on the list for a subsequent quarter if we think a

catalyst we have identified for that stock in a particular quarter continues to apply as

well as our relative views on share price outperformance or underperformance.

If the firm ceases to maintain a fundamental recommendation on a security, the stock

will be removed from the list without being replaced. If there are any changes to the list

during the quarter, we will promptly publish a note setting out the change.

Because market conditions are not static, catalysts and levels of conviction will vary over

time and consequently, the balance between outperform ideas and underperform ideas

will vary over time. Investors should read and consider the fundamental research report

prior to making an investment decision related to any stock on the Top 10 Asia Pac

Ideas Quarterly List.

Performance Calculation Methodology