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Investors rush to buy foreign stocks amid crisis

Traders work on the floor of the New York Stock Exchange.
Lucas Jackson | Reuters
Traders work on the floor of the New York Stock Exchange.

U.S. investors are not shying away from purchasing foreign equities despite the unfolding debt crisis in Greece and a precipitous drop in the Chinese stock market.

"International equity once again received the highest inflows among all category groups in June," said Alina Lamy, senior analyst at Morningstar.

Based on the latest fund-flow data, international markets took in $22 billion in assets last month, with the bulk of that amount, $17 billion, directed to passive funds, particularly in Europe.

Similarly, redemptions among active managed U.S. equity funds continued to trend higher, with investors withdrawing $15 billion in assets last month, but adding $6 billion to passive funds.