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Rapid growth of recent canadian economy

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Mr. Miller wants to take a share of the rapid growth of recent Canadian economy. He plans to invest on, through his stock broker in the U.S., a public iron ore firm "IHP Inc" who are traded in Canadian stock market. The shares of top 5 stockholders in IHP are 10%, 9.9%, 9.9%, 8%, 7.6%; the rest shares are held by other small institutional investors and the public. Mr. Miller plans to purchase 7% of the share from the public.

Is this purchase portfolio investment or direct investment? Explain

Reference no: EM133131904

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