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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (6391)	3/12/2003 3:31:37 PM
From: Softechie	Read Replies (1) \| Respond to of 11447

Foreign buyers bought bonds, lots of bonds-SIA By Greg Morcroft 03/12/2003 15:00 Despite a continued bear market, foreign investors acquired nearly $507 billion in U.S. stocks and bonds in 2002, according to the latest data from the Securities Industry Association. The group said the results were second only to 2001's record $521 billion, according to the SIA's "Foreign Activity Report." Asia, particularly Japan and China, led the way in U.S. acquisitions, reaching $200.4 billion. More than 90 percent of foreign investors' U.S. acquisitions were in fixed-income products, with a new record set in net purchases of agency securities at $191.6 billion. Foreign investors' purchases of U.S. stocks however, dropped in 2002 to $49.5 billion, the lowest level since 1996's $12.5 billion. "With conflict in Iraq looming, foreign investment (predominantly by private investors) flocked to the relative safety of U.S. Treasuries, acquiring $83.2 billion in 2002," the report concluded.