Macquarie Marquee Ideas:Bottom-up Top Picks

Our Asia-ex Marquee list has returned 31.1% since launching almost a year ago, vs20.8% for the MSCI Asia-ex, while our Japan Marquee has returned 22.7% vs. 16.2%for MSCI Japan over the same period. This index is purely a bottom-up stock callconviction by our sector and country heads. In a market seemingly driven by passiveflows, we continue to see scope to add alpha through disciplined stock picking.

    Today, we switch nine out of 34 names.