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CSO statistical release, , 11am

Resident Holdings of Foreign Portfolio Securities

31 December 2017

       € million
 Equity Bonds and Notes Money Market Instruments Total
Total1,110,022 1,138,977 449,593 2,698,591
of which:
   United States 364,249 298,109 102,354 764,712
   United Kingdom139,376 338,729 84,485 562,590
   France37,549 69,653 68,160 175,362
   Germany44,248 47,666 21,859 113,773
  Luxembourg 85,160 22,595 4,423 112,178

Investment in foreign securities rises to €2.7 trillion at end of 2017

Residential Holdings of Foreign Portfolio Investment 2017 Headline Table
go to full release

The value of Irish residents’ holdings of foreign securities at end-December 2017 amounted to €2,699bn, up €256bn on the 2016 level of €2,443bn. The increase is largely accounted for by increases in bonds and notes and in equity assets.

Combined investment in US-issued and UK-issued instruments (€1,327bn) accounted for 49.2% of the total stock, up from 48.5% on 2016.

Other points of note from the end-2017 results are:

  • Overall investment in US securities rose by €58bn, but the composition of that investment changed significantly with equity up €54bn, bonds & notes up €39bn and money market instruments down €35bn – see table 1. Investment funds accounted for 74% of US securities total - the corresponding investment by money market funds decreased by €33bn to €74bn - see table 2.
  • Investment in UK securities rose by €84bn to €563bn, cementing its position as the second most popular investment location. France is still at the third place with investment rising by €10bn to €175bn.
  • Significant holdings are also shown for Germany (€114bn), Luxembourg (€112bn, up 7%), Japan (€106bn, up 34%), Italy (€98bn, down 6%) and Netherlands (€92bn, down 4%).
  • Total investment in investment funds increased by €257bn to €1,725bn – the corresponding total investment in money market funds decreased by €10bn to €359bn - see table 2.

This release also provides analysis by country of issuer and sector of holder (table 2).  Corresponding data for 2017 are shown including revisions resulting from more recent information.  Overall, the data are compatible in form and content with the data being submitted to the International Monetary Fund (IMF) as part of Ireland’s on-going participation in the IMF’s world-wide annual Coordinated Portfolio Investment Survey.  They are also consistent with the portfolio investment stock statistics published on the 13th September 2018 in the Release Quarterly International Investment Position and External Debt – Quarter 2 2018 – see Background Notes.  More detailed geographical analysis is available on the CSO StatBank.