Bermuda Popular With US Investors
A United States Treasury Department report has revealed that US investors held
more than $116 billion in Bermuda-registered entities in 2003, placing the island
ninth in the league table of US investment overseas.
The survey conducted by the Treasury, the Federal Reserve and the Federal Reserve
Bank of New York showed that of this total, $108 billion was held in equities
and $9 billion in long-term securities. Overall, the poll revealed that $3.15 trillion was held in foreign securities
by US investors, a 36% increase since the previous survey was conducted in 2001. By country, Americans held $663 billion in securities from the UK, $307 billion
from Japan, $301 billion from Canada and $189 billion from Germany. Making up the rest of the top ten was France, the Netherlands, the Cayman Islands,
Switzerland and Australia. .
|
|
IMPORTANT NOTICE: THE LOWTAX NETWORK has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright THE LOWTAX NETWORK 1999 to 2009. Contact us for further information.