BCA Research is the market-leading provider of independent investment research. Our Sector Strategy Services combine BCA's proprietary macroeconomic framework with BCA Strategists' in-depth analysis and industry expertise to identify unique insights and investment opportunities.


BCA's EM Fixed Income Strategy Service combines BCA's macroeconomic themes with EM corporate credit quantitative indicators, country views, sector-level analysis and fundamental credit research to produce an actionable portfolio strategy.



Reports center around market commentary, portfolio insights and composition, and identifying investment recommendations.

Online Platform: Our web platform provides access to our research, latest recommendations, polls and responses to client questions.


Webcasts: adhoc interactive webcasts with the lead Analyst reviewing investment themes, portfolio construction, country/sector views and answering questions from clients.

Analyst Call: a regular call with the lead Analyst to help integrate our research into your investment focus and strategy.


Special Reports: an in depth look covering a specific topic or theme, supported by investable conclusions.

Portfolio Updates: we use a robust investment process to suggest portfolio risk allocations across sectors and geographies.


Our Model Portfolio provides country/sector risk allocations for a global EM corporate credit portfolio across 12 sectors in 19 countries/ regions.

Arthur Budaghyan

Senior Vice President

Arthur Budaghyan joined BCA Research in 1999 and is currently BCA's Senior Vice President, Emerging Markets Strategy. He has been responsible for EM trading strategies at the firm since 2002 and became Chief Strategist of the Emerging Markets Strategy service in 2005. Prior to joining BCA, Mr. Budaghyan spent four years in Armenia with a regulatory government organization supervising financial markets. He has an MBA from American University in Armenia, an MSc in Economic Policy Management from McGill University, and is a CFA charter holder.

BCA Research Survey

As part of our commitment to deliver the highest quality investment research and analysis with the best user experience, we would appreciate your feedback by filling out this short survey. Thank you for your co-operation.

1. How often do you log-in to BCA's website?
Not often

2. How would you rate your interactions with BCA Research? (5 being very satisfied, 1 being very dissatisfied)
  N/A 1 2 3 4 5
A. Finding and accessing subscribed research content
B. Delivery mechanism for reading research online
C. Meeting with Strategists (breakfasts, webcasts, etc.)
D. BCA events (conferences, etc.)
E. Answering ad-hoc research queries
F. Subscription and billing process
G. Regular interaction with dedicated account manager
H. Other comments

3. How would you rate BCA's website? (5 being very satisfied, 1 being very dissatisfied)
  1 2 3 4 5
A. Visual appeal
B. Organisation, navigation and structure of BCA's website
C. Consistency with other aspects of BCA's offerings (PDF, etc.)
D. User-friendliness and ease of use
E. Performance of loading content
F. Other comments

4. Which of the following mobile features are most important for you? (tick 3 most important)
A. Reading full research reports
B. Receiving a morning daily briefing on critical research topics
C. Searching for key indicators or analytics on markets of interest
D. Receiving short intra-day research alerts
E. Reading BCA blogs/microblogs
F. Listening to podcasts or watch webcasts on key research topics
G. Interact with other BCA users (e.g. sharing content and comments)
H. Accessing BCA Edge/Analytics
I. Interacting with BCA Strategists to answer research questions
J. Networking with other BCA clients

5. How would you rank your overall satisfaction level for your user experience with BCA? (5 being very satisfied, 1 being very dissatisfied)
1 2 3 4 5

6. Which other Investment Research Applications do you use on a regular basis?
A. List of applications (in priority order of preference if possible)

7. Other Information
A. Job Title
B. Age bracket less than 30
30 - 39
40 - 49
50 - 59
60 plus