1.   It has contributed to the Decline in direct portfolio investment as opposed to indirect investment through tax exempt institutions.

2.   Although direct investment increased because of NAFTA, portfolio investment creates false expectations of currency rate stability and generates uncertainty among many investors.

3.   An increase in direct investment was offset by a decline in portfolio investment in equity.

4.   As a result, the Investment Committee was ordered to weed out portfolio investment when it reviews direct foreign investment proposals each month.

5.   At the same time, Europe, the Middle East and Africa saw portfolio investment double from the first quarter.

6.   Both Thailand and Indonesia, the wallflowers of international portfolio investment last year, suddenly find themselves belles of the ball.

7.   But wooing portfolio investment will be tougher.

8.   Chief among these are the strong capital flows into the United States from Europe, either as portfolio investments in financial markets or as part of mergers and acquisitions.

9.   Chilean stocks rose as concern eased over the impact of increased restrictions on foreign portfolio investment.

10.   Foreign portfolio investment all but evaporated.