Nonresidents’ net investments in equity capital declined by 57.3 percent to $66 million in November 2020 from $155 million in the comparable period in 2019.
Equity capital placements came mainly from the Netherlands, Japan and the United States. These were invested mostly in the financial and insurance; real estate; and manufacturing industries. Reinvestment of earnings, however, fell by 36.5 percent to $56 million from $88 million in November 2019. By component, nonresidents’ net investments in debt instruments dropped by 19.3 percent to $3.8 billion from $4.7 billion. Reinvestment of earnings contracted by 21.9 percent to $760 million from $974 million.By contrast, nonresidents’ net investments in equity capital expanded by 48.6 percent to $1.3 billion from $851 million, which partly eased the decline in the cumulative foreign direct investment net inflows.