Printer Friendly

U.S. INVESTORS AGGRESSIVELY BOUGHT FOREIGN EQUITIES IN THIRD 1992 QUARTER, SIA REPORT SHOWS

 NEW YORK, Dec. 30 /PRNewswire/ -- U.S. investors continued to aggressively invest in foreign equities, particularly those from the United Kingdom, in the third 1992 quarter, preliminary data show, a Securities Industry Association economist said today.
 In the quarter, U.S. investors bought a near-record net $9 billion foreign equities, bringing the nine month total to $19.8 billion, David G. Strongin, assistant vice president, research, said in the current Foreign Activity Report (F.A.R.).
 In the previous quarter, U.S. investors bought a net $3.6 billion. The quarterly record was $9.4 billion in the second 1991 period. The record annual net purchases was $32 billion in 1991.
 About $4.5 billion net foreign equities purchases in the third quarter were in British stocks, while about $1.7 billion were in Japanese equities.
 Overall, U.S. holdings of foreign equities currently total more than an estimated $171 billion, Mr. Strongin said.
 Gross Transactions Run Counter to Expectations
 Meanwhile, gross transactions seem to be running counter to expectations, rising about 20 percent in all 1992 to an estimated $327 billion from $273 billion in all 1991, he said.
 Given the general decline in non-U.S. equity prices, "one may have anticipated a decline, or even a flattening in activity as measured by transaction value," Mr. Strongin said.
 F.A.R. is an SIA subscription-based publication.
 SIA is the securities industry's trade association, representing the business interests of nearly 700 securities brokerage and investment banking firms in the United States and Canada. Collectively, they account for more than 90 percent of securities activity in North America.
 -0- 12/30/92 R
 /CONTACT: Art Samansky or Karen San Antonio of SIA, 212-608-1500/


CO: Securities Industry Association ST: New York IN: FIN SU: ECO

WB-OS -- NY014R -- 0658 12/30/92 14:54 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 30, 1992
Words:302
Previous Article:HIGH PERFORMANCE ELECTRIC VEHICLE INTRODUCED AT GREATER LOS ANGELES AUTO SHOW
Next Article:DONALD R. KEOUGH ELECTED TO THE HOME DEPOT BOARD OF DIRECTORS


Related Articles
NET ACQUISITIONS OF FOREIGN EQUITIES BY U.S. INVESTORS ROSE TO RECORD IN FOURTH 1991 QUARTER, SIA SAYS
FOREIGN INVESTORS CONTINUED TO SELL U.S. EQUITIES IN SECOND QUARTER, SIA REPORT SHOWS; TREND IN LINE WITH PATTERN SINCE START OF 1990s
INDIVIDUALS SEEN MAKING "DRAMATIC CHANGE" IN PORTFOLIOS FROM 1980 THROUGH MID-YEAR 1992, SIA REPORT SHOWS
INDIVIDUAL INVESTORS INCREASINGLY USING MUTUAL FUNDS AS VEHICLES TO INVEST IN DEBT INSTRUMENTS, SIA STUDY SHOWS
FOREIGN ISSUERS INCREASED USE OF U.S. PRIMARY MARKETPLACE SINCE MIDDLE OF LAST DECADE, SIA STUDY SAYS
U.S. INVESTORS BOUGHT RECORD $51.5 BILLION FOREIGN SECURITIES IN 1992; FOREIGN INVESTORS SOLD U.S. EQUITIES
FOREIGN NET ACQUISITIONS OF U.S. SECURITIES WANED IN SECOND QUARTER, SIA ECONOMIST SAYS
U.S. NET PURCHASES OF FOREIGN SECURITIES SLOWED IN THIRD QUARTER; RESULTS LOWEST SINCE THIRD QUARTER 1990, SIA SAYS
U.S. NET ACQUISITIONS OF FOREIGN SECURITIES WANED IN 1994, BUT STILL SET SECOND HIGHEST LEVEL, SIA ECONOMIST SAYS
FOREIGN INVESTORS SOLD U.S. STOCKS IN FIRST QUARTER; U.S. INVESTORS REDUCED NET PURCHASES OF FOREIGN SHARES, SIA SAYS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters