Porter Capital outperforms in August & September 2010

Porter Capital's Prime Momentum Fund (MTM) has outperformed the benchmark in both August and September. The cumulative excess return for investors was +0.67% above the ASX200 Accumulation Index for the two months.

"Excess returns in the Prime Momentum fund was due to the fact we were in cash in August while the ASX200 was weak and moved back into equities early September after some renewed vigour.  Therefore we captured the upside in Aussie equities for what ended up as a strong  month." said Tony Porter, Managing Director, Porter Capital.