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US Money Managers Are Sending Cash Overseas

TedTed
in The Bullpen
FYI: (Click On Article At Top Of Google Search)
Early this year, Krishna Memani, chief investment officer at OppenheimerFunds Inc., which oversees $235 billion in New York, began urging his portfolio managers to shift some money toward stocks in Europe, Japan and developing countries including China, Indonesia and India.

Dan Morris, global investment strategist at TIAA-CREF Asset Management, which manages $611 billion in New York, has been slowly moving money abroad for a year, and boosted his recommended foreign holding in December
Regards,
Ted
https://www.google.com/search?newwindow=1&site=&source=hp&q=U.S.+Money+Managers+Are+Sending+Cash+Overseas+wsj&oq=U.S.+Money+Managers+Are+Sending+Cash+Overseas+wsj&gs_l=hp.3...6488.10050.0.10591.4.4.0.0.0.0.104.287.3j1.4.0.ehm_loc...0...1c.1.62.hp..4.0.0.3rai3jAn42c
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