From The Australian:
US fund management giant The Capital Group has raised its stake in iron ore miner Fortescue Metals Group.
The investment manager increased its stake in Australia’s third-biggest iron ore miner to 6.05 percent from 5 percent previously, buying 32 million shares over the past month at an average price of $2.447 each, it said in a statement.
I hope that they know something that I don’t.
