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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

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