[Foreign investors bought US$942 billion in US stocks in 12 months, setting a new historical record for the same period] September 28, according to the latest data released last Friday, in the 12 months to July, foreign investors’ net purchases of US stocks and investment fund shares reached a record US$942 billion, which to a certain extent reflects the trend of overseas funds shifting from the US bond market to US stocks. The inflows set a new rolling 12-month record, according to U.S. Treasury Department data dating back to 1985. In fact, Deutsche Bank strategists noted the phenomenon in a note earlier this month. The bank noted that as overseas investors' interest in U.S. sovereign debt appears to be waning, they now prefer U.S. stocks to U.S. Treasuries, marking a historic shift. Data show that corresponding to the explosive buying of U.S. stocks, foreign investors' demand for U.S. bonds has cooled significantly. In the second quarter, overseas investors only bought a net US$188 billion in US bonds, down from US$314 billion in the first quarter.