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Extra information
For more information on this release:
E-mail: Bop@cso.ie Mavo Ralazamahaleo 01 4984259 Annette Hayes 01 4984319
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 Visit StatCentral.ie, the portal to Ireland's official statistics On-line ISSN 2009-6747
CSO statistical release, 31 October 2017, 11am

Resident Holdings of Foreign Portfolio Securities

31 December 2016

       € million
2016Equity Bonds and Notes Money Market Instruments  Total
Total916,776 991,638 440,091 2,348,504
of which:       
   United States 300,090 243,241 136,994 680,325
   United Kingdom108,807 266,717 76,348 451,872
   France34,186 71,617 56,056 161,859
   Germany38,332 46,207 26,770 111,309
   Luxembourg 75,492 24,591 3,814 103,897

Investment in foreign securities rises to €2.3 trillion at end of 2016

Figure 1. Resident Holdings of Foreign Portfolio Securities by Issuer Sector 2016
go to full release

The value of Irish residents’ holdings of foreign securities at end-December 2016 amounted to €2,349bn, up €193bn on the 2015 level of €2,156bn. 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 (€1,132bn) accounted for 48 per cent of the total stock, up from 46 per cent on 2015.

 Other points of note from the end 2016 results are:

  • Overall investment in US securities rose by €97bn, but the composition of that investment changed significantly with equity up €45bn, bonds & notes up €36bn and money market instruments up €16bn –see table 1. Investment funds accounted for 72 percent of US securities total – the corresponding investment by money market funds increased by €18bn to €107bn - see table 2.
  • Investment in UK securities rose by €52bn to €452bn, cementing its position as the second most popular investment location. France has regained third place with investment rising by €16bn to €162bn.
  • Significant holdings are also shown for Germany (€111bn), Luxembourg (€104bn, up 21%), Italy (€101bn), Netherlands (€93bn) and Japan (€79bn, down 11%).
  • Total investment in money market funds and investment funds increased respectively to €369bn (up 1.5%) and €1,467bn (up 16%) - see table 2.

This release also provides analysis by country of issuer and sector of holder (table 2).  Corresponding data for 2015 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 15th September 2017 in the Release Quarterly International Investment Position and External Debt – Quarter 2 2017 – see Background Notes.  More detailed geographical analysis is available on the CSO STATBANK.

This map is © Ordnance Survey Ireland. All rights reserved. License number 01/05/001.
DebtEquity
S12118.7350
S12270.2451.459
S123368.0090.711
S124750.656716.618
S128/971.451175.656
S131.9174.259
S125/126/127/S11/S14/S15150.71518.074

S121 Central Bank
S122 Banks
S123 Money Market Funds
S124 Investment Funds
S128/9 Insurance & Pensions
S13 Government
S125/126/127/S11/S14/S15 Other

DebtEquity
20141193.389743.13
20151311.848843.768
20161431.728916.776
Table 1 Resident Holdings of Foreign Portfolio Securities1 - by Country of Issuer€ million
CountryEquity Bonds and Notes Money Market Instruments Total
31 Dec 2015231 Dec 2016 31 Dec 2015231 Dec 2016 31 Dec 2015231 Dec 2016 31 Dec 2015231 Dec 2016
Australia 9,17811,973 11,3279,461 20,53320,218 41,03841,652
Austria 9261,225 5,8535,738 420788 7,1997,751
Belgium 6,6605,399 15,09014,484 8,18713,183 29,93733,066
Bermuda 5,8056,407 2,1122,764 1555 7,9329,226
Brazil *7,306 5,2194,521 *885 10,29112,712
Canada 7,35710,725 12,31213,405 26,13621,595 45,80545,725
Cayman Islands 31,10832,141 8,4098,474 8251,543 40,34242,158
China12,75612,503 449608 2,505246 15,71013,357
Denmark 5,1544,778 2,9835,803 1,3972,746 9,53413,327
Finland 4,7455,122 3,0223,172 4,7914,596 12,55812,890
France 33,21534,186 62,53471,617 50,51956,056 146,268161,859
Germany 37,17038,332 41,36946,207 28,57226,770 107,111111,309
Hong Kong 10,1309,508 492519 716183 11,33810,210
India 8,7929,785 848927 1316 9,65310,728
Indonesia 2,1292,770 3,6244,543 00 5,7537,313
Italy 32,17430,747 75,79467,438 2,0692,555 110,037100,740
Japan 58,82954,883 9,1399,948 20,98314,346 88,95179,177
Jersey 4,3665,868 2,9133,456 153142 7,4329,466
Korea, Republic of 12,68514,382 1,9751,771 162614 14,82216,767
Luxembourg 64,20575,492 18,08624,591 3,4083,814 85,699103,897
Mexico3,2563,251 8,0218,067 130108 11,40711,426
Netherlands21,84524,773 54,32554,322 20,88313,879 97,05392,974
Norway2,8173,392 4,0534,247 2,6941,002 9,5648,641
Poland*952 4,4194,215 *0 5,3725,167
Portugal1,1861,012 5,6714,377 2730 6,8845,419
Russian Federation 3,0405,290 1,9362,732 059 4,9768,081
Singapore3,0463,594 8651,080 8,5384,008 12,4498,682
South Africa3,7625,181 2,6333,655 00 6,3958,836
Spain12,26912,903 36,23736,811 1,8281,477 50,33451,191
Sweden10,42710,421 7,7227,836 22,12720,359 40,27638,616
Switzerland19,43918,824 2,3612,463 4,3923,848 26,19225,135
Taiwan, Province of China10,00811,893 8436 00 10,09211,929
Turkey1,5671,661 2,7823,316 01 4,3494,978
United Kingdom113,709108,807 216,274266,717 70,02176,348 400,004451,872
United States254,882300,090 207,323243,241 121,335136,994 583,540680,325
Other countries328,48531,200 30,45038,095 8,76510,436 67,69879,730
International Organisations6500 10,35710,981 6141,191 11,62112,172
Total843,768916,776 879,063991,638 432,787440,091 2,155,6162,348,504
1The figures exclude Reserve Assets (see Background Notes).
2 Revised.
3This category includes data supplied by respondents without a geographical breakdown.
*Suppressed for confidentiality reasons.
Table 2 - Resident Holdings of Foreign Portfolio Securities1 - by Country of Issuer and Sector of Holder€ million
CountryCentral Bank Banks Money Market Funds Investment Funds Insurance & Pensions Government Other  Total
 S121 S122 S123 S124 S128/9 S13 S125/6/7/11/14/15   
 31 Dec 2015231 Dec 2016 31 Dec 2015231 Dec 2016 31 Dec 2015231 Dec 2016 31 Dec 2015231 Dec 2016 31 Dec 2015231 Dec 2016 31 Dec 2015231 Dec 2016 31 Dec 2015231 Dec 2016 31 Dec 2015231 Dec 2016
                        
Australia 00 1,6571,522 21,28819,433 15,85118,340 1,6371,716 3069 575572 41,03841,652
Austria 444408 1,737754 308896 2,9293,841 ** 52 * *  7,1997,751
Belgium 889889 2,0562,118 7,56511,726 7,9528,042 ** 2724 * *  29,93733,066
Bermuda 00 * 0 00 7,5478,902 *318 176 *0 7,9329,226
Brazil 00 00 00 10,15312,527 129185 90 00 10,29112,712
Canada 186349 1,6071,641 26,40521,330 14,83119,658 1,7882,018 3837 950692 45,80545,725
Cayman Islands 00 * 178 115194 37,169* 2,003* 3947 * *  40,34242,158
China00 00 2,414197 12,997* ** 310 * *  15,71013,357
Denmark 35362 684652 ** 7,3109,658 509492 1213 * *  9,53413,327
Finland 13098 549466 4,6054,000 4,3624,860 ** 174 * *  12,55812,890
France 5,8965,656 7,4177,524 40,62549,019 55,79163,402 ** 1,017791 * *  146,268161,859
Germany 1,5651,710 6,5406,367 26,23522,280 47,68753,730 17,64719,680 14860 7,2897,482 107,111111,309
Hong Kong 00 00 708177 10,1829,492 *535 226 * 0 11,33810,210
India 00 00 00 9,47410,560 *168 130 * 0 9,65310,728
Indonesia 00 00 00 5,6977,245 *68 40 * 0 5,7537313
Italy 3,1472,823 23,59918,233 372360 33,75231,629 ** 119146 * *  110,037100,740
Japan 00 * *  16,2338,928 64,27863,949 4,2093,572 630 * *  88,95179,177
Jersey 00 * *  10860 7,0959,189 116119 00 * *  7,4329,466
Luxembourg 758400 1,5161,536 3,0493,843 34,63037,787 ** 6681,208 * *  85,699103,897
Mexico 00 * *  00 10,97910,992 196226 168 * *  11,40711,426
Netherlands 606627 3,1822,970 ** 39,00145,374 5,7155,848 137149 * *  97,05392,974
Norway 082 1,115885 *1,154 5,028* 558* 32 * *  9,5648,641
Poland 84196 1,230798 00 3,7473,842 ** 20 * *  5,3725,167
Portugal384297 673500 00 2,2001,751 ** 213 * *  6,8845,419
Korea, Republic of 08 * *  155306 *15,511 589694 230 401*  14,82216,767
Russian Federation 00 * *  00 4,7777,886 ** 50 00 4,9768,081
Singapore 00 00 ** 3,7844,389 181274 41 * *  12,4498,682
South Africa 00 * *  00 ** 105156 90 * *  6,3958,836
Spain 2,5912,487 7,6296,833 473332 19,84221,503 ** 6868 * *  50,33451,191
Sweden 3131 9911,319 ** 11,74611,669 5,1035,350 2615 * *  40,27638,616
Switzerland 096 * 0 2,0352,953 ** 2,2332,236 1831 * *  26,19225,135
Taiwan Province of China 00 00 00 9,75711,506 335423 00 00 100,9211,929
Turkey 00 00 00 4,3014,918 4660 20 00 4,3494,978
United Kingdom 00 6,7624,772 62,23969,825 271,110321,411 49,36846,586 1821,021 10,3438,257 400,004451,872
United States 00 7,8784,054 88,932107,005 400,591486,523 32,71436,152 1,8312,350 51,59444,241 583,540680,325
Other countries 3245300 * *  5,6435,553 48,63955,916 * *  2275 * *  67,69879,730
International Organisations1,0111,916 3,6643,688 1,049345 4,1614,396 435590 00 1,3011,237 11,62112,172
Total18,00218,735 86,366717,04 363,395368,720 1,269,7241,467,274 228,120247,107 4,5726,176 185,437168,788 2,155,6162,348,504
1The figures exclude Reserve Assets (see Background Notes).
2Revised.
3This category includes data supplied by respondents without a geographical breakdown.
*Suppressed for confidentiality reasons.

Background Notes

This Release updates the annual (end-December) series on foreign portfolio asset stock statistics introduced in October 2003. These figures result from the CSO’s ongoing participation in the annual Co-ordinated Portfolio Investment Survey (CPIS) conducted by the IMF. The information is compiled on the basis of the IMF’s methodological recommendations described in its Co-ordinated Portfolio Investment Survey Guide. This methodology is designed to harmonise the timing and valuation conventions used by all countries participating in the Survey. The results are conceptually consistent with the International Investment Position (IIP) statistics on foreign assets published by the CSO. Therefore, the compilation methodology, which is designed to meet the recommendations of the IMF’s Balance of Payments Manual - 6th Edition (BPM6) concerning compilation of international investment position statistics, is essentially the same for both series.

The CPIS is concerned with portfolio investment stock statistics for equities and long-term (i.e. bonds and notes) and short-term (i.e. money market instruments) debt securities. The results are classified by country of issue of the securities and are also cross-classified by type of financial instrument, and by sector of holder.

For more detailed information see Resident Holdings Of Foreign Portfolio Securities

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