U.S. Investors Increase Funds in Overseas Financial Markets

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NEW YORK (AP) _ Investors poured more money into overseas financial markets in the first quarter of 1994 even though the global investment climate deteriorated, an industry group reported Monday.

U.S. investors bought a net $17.8 billion in foreign stocks _ after subtracting sales _ in the first quarter of 1994, the Securities Industry Association said. That was down from the record $20.9 billion in the final 1993 quarter but up sharply from the year-ago total of $8.4 billion.

U.S. purchases of foreign bonds, meanwhile, were virtually unchanged from the previous quarter's total of $11 billion. But they were down from $19.3 billion in the first quarter of …