Macquarie suggests 4-pronged Asian strategy

MUMBAI: Macquarie Research is suggesting a four pronged approach to market strategy as regards the Asian small caps.

In a note to clients, the brokerage advises looking out for small caps with the ability to grow rapidly into large caps. It cautions clients to keep a close eye on governance; the best small caps have good governance.

���What once was large...watch the companies that have shrunk, remain familiar to investors and have good liquidity. A bounceback - when it comes - will be both swift and substantial,��� said the note.

Macquarie asks investors to watch who's buying back their shares and CBs. ���These managements believe in their companies,��� adds the note.

In Asia, its the top 4 picks are China High Speed (China), ICSA Ltd (India), Nong Shim (Korea), Bukit Asam (Indonesia). ICSA was quoting at Rs 93.80 up close to 3% in early trade.