The investors kicked off 2013 as net buyers - snapping up US$2.46 billion of stocks on the New York Stock Exchange (NYSE) in the first three months of the year, according to figures just released by the United States Treasury.
They then changed tack, switching to "sell" mode. The new position looked tentative at first, marked by a relatively small net sale of US$1.34 billion in the April-June quarter. By mid-2013, the Singapore investors were still net buyers on Wall Street to the tune of US$1.22 billion.
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