That could be a sign that money-market investors, which had cut exposure to foreign banks, could be returning to the market and that money ultimately is ending up at the non-U.S. banks.
Since then, foreign money managers have sold their emerging market equity positions, but have remained relatively stable on fixed income, according to EPFR Global in Cambridge, Mass.
By flooding the foreign-exchange market with their own money, central banks risk driving up inflation which would erode the gain in competitiveness from a cheap currency.
That there is so little foreign money in Japan's government-bond market merely reduces the likelihood of panicky sell-offs.
The fund seeks to earn current income reflective of money market rates in China available to foreign investors, and to provide exposure to movements in the Chinese Yuan relative to the United States dollar.
Sustainable growth also requires foreign money to finance capital investment and to bolster the stock market.
Since almost no small businesses issue bonds or commercial paper, the real American job creators are effectively cut out of the foreign investment market while big business has access to cheap money.
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That worked when mainly foreign-owned banks were willing to risk their shareholders' money to chase market share.
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The move is likely to cause chaos for the host of smaller operators, some of them foreign owned, which entered the market after 2008, and could hurt the banks that have loaned them money.
He emphasized domestic and foreign equity funds, both load and no-load, which are four times more profitable for Federated than money market funds.
In the 1980s when Iran's foreign currency reserves dried up, licensed exchange bureaux closed down and the black market was run by the street money-changers of Tehran's Ferdowsi Street.
Easier access to the Russian local bond market is expected to result in a gradual increase of foreign investor inflows this year thanks to yield hungry money managers.
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