Module Three
Writing Research Reports
Summary
This module covers some essential skills when it comes to writing a comprehensive equity research report.
While participants start with the content and structure of the report, our instructors also address the writing style (descriptive vs. persuasive), clarity and conciseness, sentence structure and flow, and logical organisation.
Target Audience
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Early-career buy-side or sell-side equity research analysts with 0-3 years of experience.
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Experienced research analysts keen to improve their writing may also be interested in this course.
Certificate
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Each participant receives the Denny Ellison certificate.
Course Format
Duration
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Minimum of 4 hours
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8 hours if delivered in greater depth
Delivery
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Video conferencing (Zoom, Webex)
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In person at our clients' offices
Region
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We are based in London, UK
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The module can be delivered globally
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We have delivered this course to professionals in the USA, France, Hong Kong and India
Class Size
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Typical class size is 10 participants (min of 3)
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For individual mentoring, please contact us directly
Training Mandate
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The program is typically offered to in-house research analysts as part of:
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Learning & Development schemes
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Graduate Training Programs, or
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Research Management initiatives.
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Customisation
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We tailor each session to be relevant, practical, and aligned with your investment research approach and learning & development goals.
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For each delivery, we will determine together the optimal format, including:
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The duration
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The depth of each subject
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The level of interaction with participants
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The delivery style (coaching or teaching)
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The amount of assessment and feedback to management
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Expected Results
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Participants can expect to gain a deeper understanding of:
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How to structure a research report
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How to maintain the flow of production (sell-side)
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How to improve their writing style
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Syllabus
Section 1
Report Structure
How to structure an equity research report
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Writing process and time allocation
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Front page
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Investment case summary
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Management and stewardship
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Core analysis and key points
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Valuation
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Risks
Section 3
Writing Style
How to improve your writing style
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Writing style (expository vs. persuasive writing)
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Clarity and conciseness
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Sentence structure and flow
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Vocabulary and word choices
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Logical organisation
Section 2
Flow of Research
How to sustain the flow of research production on the sell side
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Maintain high standards
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What are clients looking for in a research report?
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Differentiate your product
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Keep a constant flow of research production
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Create a calendar of reports publication
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Use a full range of report types
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Section 4
Types of reports
Best practice example of research notes on the sell side
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Initiations
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Changes of recommendation
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Industry/sector reports
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Short-term reaction notes
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Preview & post-results notes
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Periodicals
Specialist Instructors
Usha Back. Usha worked at Capital Group for several years as an investment analyst responsible for covering the European Biotech, mid-cap Pharma and Real Estate sectors. She holds a PhD in pharmaceutical excipients from the University of London, School of Pharmacy. Usha also conducted the investment management programmes at London Business School.
"When writing a report, the reader needs to be taken on a journey. The key point should always be at the beginning of each paragraph."
Eveline Varin. Eveline worked at Morgan Stanley as a sell-side equity research analyst in the Consumer sector for many years. Before that she worked at Dresdner Kleinwort Wasserstein in the general Retail sector. Eveline holds a master’s degree in international management from ESCP-EAP and conducted her classes prépartoires at Lycée privé Ste Genevieve.
"It's all about a good idea, well written. If a report is overly descriptive, it risks diluting a compelling investment pitch. Mastering rhetoric is essential."
