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.
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