U.S. investors continue to pour money into international funds, The Financial Times reports.
Of the $124 billion that investors have placed in equity funds so far this year, $110 billion, or a whopping 89%, has gone into funds that invest in companies overseas, data from
And of the total $4.8 trillion in equity funds, $811 billion, or 17%, is in international funds—double what it was in 2000.
“This is the highest percentage of international securities holdings by domestic mutual funds on record,” said Robert Adler, president of AMG. He added that investors’ interest in foreign funds gained added steam last year as the value of the dollar fell.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.