CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.
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Non-independent research recommendations

Quarterly disclosure

Highlighted in the table below is the proportion of all research recommendations published during March, February, January 2014 and December 2013 that are 'buy', 'hold', 'sell' or equivalent terms.

  March April May
  No. of articles % No. of articles % No. of articles %
Buy 109 46.0 125 53.4 98 46.4
Sell 84 35.4 87 37.2 90 42.7
Hold 44 18.6 22 9.4 23 10.9
Total 237 100 234 100 211 100
  Summary of quarter
  No. of articles Percentage
Buy 332 48.7
Sell 261 38.3
Hold 89 13.0
Total 682 100
  December January February
  No. of articles % No. of articles % No. of articles %
Buy 58 41.1 95 50.5 96 48.5
Sell 70 49.6 69 36.7 71 35.9
Hold 13 9.2 24 12.8 31 15.7
Total 141 100 188 100 188 100
  Summary of quarter
  No. of articles Percentage
Buy 249 47.2
Sell 210 39.8
Hold 68 12.9
Total 527 100

Correct as at 2 April 2014. No representation or warranty is given as to the accuracy or completeness of this information. See full non-independent research disclaimer.

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CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.