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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
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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.