Angello Chan & team
Bank of America Merrill Lynch
Up one level to third place is the Bank of America Merrill Lynch team under Angello Chan. The Hong Kong–based crew, which sports 12 members, reports on 27 stocks. “In China we believe attractively valued independent power producers that will benefit from further fuel cost declines will continue to perform well, and attractively valued wind-farm stocks will benefit from a utilization rate rebound,” Chan says. Among yield plays the team favors Korea Electric Power Corp., Pakistan’s Kot Addu Power Co. and PTC India, “but potential regulatory changes could present challenges to the sector,” he adds. “Angello and his team have a wide range of coverage of the Hong Kong and China utilities sectors,” notes one portfolio manager. “Their calls on China’s wind-power players and thermal-power players were very helpful for us to better assess the sector. Also, Angello is quite attentive and is willing to answer discretionary questions timely.” — Pam Baker