US fund flows to Asia surge

Oct 13, 2003

Overseas, and particularly US, buying of Asian assets is surging says Goldman Sachs.

According to a Goldman Sachs strategy piece, foreign investors remained massive net buyers of emerging Asia last week. Their net purchases amounted to $1.8 billion, compared to $914 million for the week before and $102 million for the week before that. Clearly all those CIOs who came to the CLSA investor conference went back to the US with a new view of Asia.

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