Portway Capital Rumored To Be Increasing Copper Position
Released on: August 20, 2008, 7:07 am
Press Release Author: Michael Brown
Industry: Financial
Press Release Summary: France-based wealth management group Portway Capital vindicated on previous copper stance, may increase exposure further.
Press Release Body: After recently expressing their satisfaction following a worrying downturn in Copper prices worldwide, Fund Managers at Portway Capital have more reasons to be cheerful about prospects for the metal in the short-medium term after recent comments from China which were indicative of a coming swell in the demand-side coffers.
When many, if not most, were recently jumping out of the boat during a periodic downturn, Bosses at Portway had faith in their fundamentals and held tight. Now there are rumors of the firm taking an increased exposure after a softening of economic rhetoric from the Chinese Government last month, in which they dropped references to a "tight" monetary policy.
Furthermore, sources close to "Portway Capital" have indicated that their analyst data has already built in the recently announced increase in imports from Chinese Manufacturers (reported to be a planned increase of 50% from Junes figures). This, Coupled with the Chinese Government's suggestions of a 400Billion Yuan economic stimulation package later this year suggest that the Portway Funds could have a very interesting 3rd Quarter.
Web Site: http://www.portwaycapital.com
Contact Details: Michael Brown news@pr-newsnow.info