Question: What qualifies as a foreign investor?

raa · 1 Question: What qualifies as a foreign investor? Fri Dec 23, 2011 7:02 pm

raa

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I know when we say foreign investor, generally we refer to big institutional investors from abroad, funds, banks etc.

I have a friend who lives in Sri Lanka but is a foreigner. By regulation, he operates through a SIRA A/C which is an account where the foreign exchange he brings in can be converted into rupees and out of the account back in to foreign exchange whenever he wants it. Now his portfolio isn't big at all but...

1) He is a foreign investor?

2) when he buys, does that fall under foreign inflow?

Also, can foreign inflows not be any local fellows bringing washed money from abroad ? ...just curious about this?

Any help would be appreciated.

Leo · 2 Re: Question: What qualifies as a foreign investor? Sat Dec 24, 2011 9:22 am

Leo

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Good question. I too have the same question.
Unfortunately it seems nobody bothers to answer such questions.

If it was a question about bull run. You might have got around 20 replies so far. What a pitty

Antonym · 3 Re: Question: What qualifies as a foreign investor? Sat Dec 24, 2011 9:39 am

Antonym

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Share Investment External Rupee Accounts (SIERA) have been replaced by Securities Investment Accounts (SIA).
All investments through SIA bank accounts are treated as foreign investments because the funds come from overseas.
Local fellows bringing money from abroad, via SIA accounts, would be classified as foreign inflows.