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INVESTORS ABROAD BOUGHT NET $11 BILLION U.S. EQUITIES IN 1991; PURCHASES REVERSE YEAR-EARLIER SALES PATTERN, SIA ECONOMIST SAYS

 INVESTORS ABROAD BOUGHT NET $11 BILLION U.S. EQUITIES IN 1991;
 PURCHASES REVERSE YEAR-EARLIER SALES PATTERN, SIA ECONOMIST SAYS
 /ADVANCE/ NEW YORK, May 13 /PRNewswire/ -- Foreign investors bought a net $11.1 billion of United States equities in 1991, sharply reversing the record $15.1 billion net sales the year earlier, a Securities Industry Association economist said.
 Investors from Canada and Japan -- where markets "performed particularly poorly" -- were the largest net buyers of U.S. equities, David G. Strongin, director, international finance, said in the current Foreign Activity Report (F.A.R.).
 Canadian investors bought a net $3.8 billion in U.S. equities, compared to only $890 million in all 1990. The total also was more than twice the record $1.7 billion in 1984, he said.
 Thus, 1991 became the second consecutive year in which Canadian investors were the largest single foreign investor in the U.S. equity market, he noted.
 A number of factors contributed to interest in U.S. equities by Canadians, including a rising market, and changes in Canadian regulations which gave Canadian pension funds permission to increase foreign holdings, Strongin said.
 Meanwhile, Japanese investors made more than $1.1 billion net purchases of U.S. equities in 1991, compared to nearly $3 billion net sales in the prior year.
 European Community nations as a group virtually stopped net sales of U.S. equities in 1991, divesting only about $50 million, compared to net sales of more than $5.8 billion in 1990, F.A.R. showed.
 As previously estimated, U.S. investor net purchases of foreign equities in 1991 totaled nearly $35 billion, compared with the previous peak $13.1 billion in all 1989, and $9.2 billion in all 1990, F.A.R. showed.
 -0- 5/13/92/1830
 /CONTACT: Art Samansky or Karen San Antonio of the Securities Industry Association, 212-608-1500/ CO: Securities Industry Association ST: New York IN: FIN SU:


AH-TQ -- NY080 -- 9828 05/13/92 15:18 EDT
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Date:May 13, 1992
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