Foreign Portfolio Investment
Consider the following statements with reference to the Foreign portfolio investment (FPI):
- Foreign portfolio investment consists of securities and other financial assets passively held by foreign investors.
- It does not require any transfer of IP, technology or know-how.
- Portfolio investments are more accessible for the average investor than direct investments because they require much less investment capital and research.
Which of the statement(s) is/are correct?
2 and 3
1 and 3
1, 2 and 3