![]() ![]() economy, and upheaval in some foreign markets. This growth is due in part to variable factors, such as a recently strong dollar, a strong U.S. Table 2Īs can be seen from this table, the long-term trend has been for an increasing rate of growth in foreign investment in the United States, with the 1994-1997 period representing a period of inflows unprecedented in our history. The following table shows measured or estimated holdings from 1914-1997, along with the average annual rate of increase. long-term securities during the 1994-1997 period has in fact been the most rapid rate of increase since statistics have been kept or estimated. The rate of increase in foreign holdings of U.S. equities, while $441 billion was the result of price appreciation. Quite the opposite is true of equity securities, where of the $531 billion increase during this period, only $90 billion resulted from increased foreign purchases of U.S. The increase in debt holdings is in fact far more remarkable than the increase in equity holdings, since of the $1,030 billion increase in debt holdings between 19, $898 billion resulted from increased foreign purchases, while only $132 billion was the result of price appreciation. history during which foreign portfolio investment has increased at a roughly comparable pace was the 1984-1989 period, during which foreign portfolio investment more than tripled over a five-year span.ĭuring the 1994-1997 period foreign holdings of equities have increased 133%, and foreign holdings of debt securities have increased by 122%. Level of Investment and Types of Securities Purchased Table 1įoreign Portfolio Investment in Long-Term SecuritiesĪs can be seen from Table 1, foreign portfolio investment in the United States is and has been increasing very rapidly, especially during the 1994-1997 period. In all tables details may not add exactly to totals due to rounding. The first five dates represent dates of the five surveys of foreign portfolio investment in the United States conducted by the Treasury Department, while the final date represents the most current date for which position estimates can be generated by combining survey data with price-adjusted TIC data. These surveys collect data at the individual security level, thus allowing for detailed analysis of foreign portfolio investment. The purposes of these surveys are to determine the level of foreign portfolio investment in the United States, the countries from which investments are made, the types of investments, the industries invested in, trends in foreign investment, and the income flows resulting from these investments. ![]() The latest survey is the fifth survey conducted since their inception in 1974. The United States Treasury Department conducts comprehensive surveys of foreign portfolio investment in long-term United States securities once every five years. In addition, for purposes of presenting a historical perspective, data from previous benchmark surveys are used. ![]() Data in this report are drawn from the Treasury Department’s latest benchmark survey of foreign portfolio investment in the United States as of year-end 1994, and have been combined with information from the Department’s ongoing Treasury International Capital (TIC) reporting system to present information as of December 1997 whenever possible. long-term securities, such as stocks and debt instruments with an original term-to-maturity in excess of one year. This report presents data and analyses on foreign portfolio investment in U.S.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |