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Inflows of FDI into America have fallen this year, but portfolio inflows (both equities and bonds) remain strong.
But portfolio theory predicts that managers will diversify away, or "unload," stock-based pay unless they are restricted from doing so.
The Fed may be at risk of inflating a bubble, but portfolio managers have preferred, though reluctantly in some cases, to be inside it rather than outside.
But portfolio outflows would dominate.Foreigners would buy Chinese securities worth a minimum of 2% of China's GDP and a maximum of 10%, the IMF authors estimate, adding greatly to China's foreign liabilities.
But portfolio inflows can be volatile, and any renewed nervousness about the health of the global economy could quickly have overseas investors pulling their assets back closer to home again.
But Portfolio's New York-centric coverage had at least one advantage.
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But portfolios are designed to weather a few disasters.
The average international stock fund rose 1.4percentt, but portfolios in Europe lost 3.4percentt.
But portfolios of closed-end funds are not subject to such redemption pressures, thanks to their fixed capitalization.
But portfolios become riskier with leverage.
But the portfolio is a trickier thing.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com