Portway Capital Favors Commodities as Inflation Gains Pace
Portway Capital advises diversification away from equities as global inflation becomes entrenched
Portway Capital are believed to have reissued their call on Japanese stocks and commodities as investors' best bets as faster inflation erodes returns in the rest of the world's equity markets.
At a conference in Marseilles, a Portway Capital representative appeared to suggest that the demand for commodities and oil would not vanish and that the shift in demand that drove up commodity prices was not going to go away.
Record prices for commodities have accelerated inflation around the world and lifted shares of raw material and energy producers. Oil has more than doubled since the beginning of last year, while products including coal, rice and fertilizer also reached record highs in 2008.
Portway Capital, who reportedly advised its private client investors to buy gold as the metal traded at as little as $500 per troy ounce, have allegedly predicted inflation may boost Japanese share prices.
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