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U.S. investors send their cash packing

snip<Investors flooded international stock funds with an estimated $150 billion last year, according to, which tracks flows of money into and out of mutual funds. An estimated $180 billion flowed into stock funds of all types.

By contrast, "The $30 billion that went to U.S. stock funds is the smallest since 2002," says Charles Biderman, CEO of>snip
GS is too

MUMBAI: US-Based Goldman Sachs, one of the largest and oldest investment banks in the world, is set to commence stock broking operations and advisory services in India, having received the requisite licences.

The Economic Times India Jan 9. 2007

Goldman gets green light for stock broking

Jan. 10 (Bloomberg) -- NYSE Group Inc. and Goldman Sachs Group Inc. led a group of investors that agreed to buy 20 percent of the National Stock Exchange of India Ltd., tapping the world's second-fastest-growing major economy.

Goldman, the most profitable brokerage in Wall Street history, already owns a 7 percent stake in India's National Commodity & Derivatives Exchange Ltd. Goldman and the buyout firm General Atlantic were early investors in Archipelago and are currently among the top five shareholders of NYSE Group.

NYSE, Goldman Invest in India's National Stock Market
It's about time Goldman Sachs and others took positions
in India. I read somewhere that if present growth rates continue
(highly improbable) Indian economy will overtake US economy
in 35 years.
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