ROW: Long US equities, less so Treasuries:
As reported by the FT, "foreign investors made a record $942bn in net purchases of US equities and investment fund shares in the 12 months to July, accelerating a shift in overseas investment towards American stocks and away from debt.
The flows represented the highest rolling 12-month total in Treasury data going back to 1985."
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economy# #
markets# #
stocks# #
bonds#
@ft