US investors into foreign funds

FT reports on the June data for mutual funds. This shows increased appetite for overseas investment.

FT- foreign funds: "More than $51bn flowed into international funds in the six months to June - four times the $12.4bn the domestic funds attracted, according to fund tracker Lipper. This was a sharp turnround from last year's first half, when $51bn went into US funds and $35bn into international funds."

This will tend to act against the financing coming from overseas demand for US assets.