The literature on the investment technology of foreign versus domestic investors has inconclusive results. This paper …

) the level of countries portfolio investment concentration (those who invest evenly among counterparties versus those who … invest more heavily in some counterparties); (2) the share of total portfolio investment assets invested at the destination …; and (3) pre- and during the crisis periods. We find that portfolio investment positions respond differently to …

This paper (i) provides evidence on the procyclical investment behavior of major institutional investors during the … implications of procyclical behavior; and (iv) proposes a framework for sound investment practices for long-term investors. Such … procyclical investment behavior is understandable and may be considered rational from an individual institution’s perspective …