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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, , 11am

Resident Holdings of Foreign Portfolio Securities

31 December 2017

       € million
 Equity Bonds and Notes Money Market Instruments Total
2017       
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.

This map is © Ordnance Survey Ireland. All rights reserved. License number 01/05/001.
DebtEquity
S12122.1858423070
S12257.6336541.389241
S123358.0328846630.739894216
S124873.84691015850.900237154
S128/970.605708694192.926078059
S131.9557087684.083123511
S125/126/127/S11/S14/S15204.30875608159.983004889

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
20151367.303879.46
20161489.983952.792
20171588.5691110.022
Table 1 Resident Holdings of Foreign Portfolio Securities1 - by Country of Issuer€ million
Country Equity Bonds and NotesMoney Market Instruments Total
 31 Dec 2016231 Dec 2017 31 Dec 2016231 Dec 2017 31 Dec 2016231 Dec 2017 31 Dec 2016231 Dec 2017
Australia  11,97512,303 9,46410,382 20,21814,574 41,65737,259
Austria  1,2251,749 5,7405,671 788373 7,7537,793
Belgium  5,3995,339 15,25711,876 13,18314,005 33,83931,220
Bermuda  6,4076,919 2,7642,930 5519 9,2269,868
Brazil  7,3068,423 4,5253,935 885929 12,71613,287
Canada  10,72911,173 13,40715,105 21,59615,891 45,73242,169
Cayman Islands  32,15142,207 8,47410,656 1,5435,196 42,16858,059
China 12,50316,895 612961 246698 13,36118,554
Denmark  4,7785,642 5,8046,465 2,7463,781 13,32815,888
Finland  5,1225,912 3,3493,123 4,5964,380 13,06713,415
France  34,18737,549 75,40069,653 56,05668,160 165,643175,362
Germany  38,33544,248 48,64747,666 26,77021,859 113,752113,773
Hong Kong  9,50811,808 522981 1831,214 10,21314,003
India  9,78513,436 9291,164 1614 10,73014,614
Indonesia  2,7703,162 4,5435,350 04 7,3138,516
Italy  30,74634,196 71,01260,757 2,5552,828 104,31397,781
Japan  54,88566,896 9,94813,326 14,34625,525 79,179105,747
Jersey  5,8686,022 3,4563,979 142255 9,46610,256
Korea, Republic of  14,38219,628 1,7711,632 614547 16,76721,807
Luxembourg  75,49185,160 25,89522,595 3,8144,423 105,200112,178
Mexico 3,2513,671 8,0689,544 108469 11,42713,684
Netherlands 24,77426,792 57,18947,294 13,87917,650 95,84291,736
Norway 3,3933,527 4,2483,512 1,002930 8,6437,969
Poland 9521,493 4,2135,066 00 5,1656,559
Portugal 1,012961 4,3793,320 3055 5,4214,336
Russian Federation  11,10211,118 11,93812,841 5967 23,09924,026
Singapore 3,5945,381 1,0801,311 4,00811,532 8,68218,224
South Africa 5,1817,433 3,6554,584 04 8,83612,021
Spain 12,90413,976 38,77333,122 1,4772,541 53,15449,639
Sweden 10,42111,401 7,83613,291 20,35922,112 38,61646,804
Switzerland 18,82320,029 2,4634,122 3,8486,631 25,13430,782
Taiwan, Province of China 11,89314,247 3643 00 11,92914,290
Turkey 1,6611,952 3,3164,496 11 4,9786,449
United Kingdom 118,990139,376 282,829338,729 76,34884,485 478,167562,590
United States 310,477364,249 259,289298,109 136,994102,354 706,760764,712
Other countries 3 40,81245,749 38,07946,917 10,43614,512 89,327107,177
International Organisations 00 10,98114,469 1,1911,575 12,17216,044
Total 952,7921,110,022 1,049,8911,138,977 440,092449,593 2,442,7752,698,591
1The figures exclude Reserve Assets (see Background Notes).
2Revised
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
Country Central 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 2016231 Dec 2017 31 Dec 2016231 Dec 2017 31 Dec 2016231 Dec 2017 31 Dec 2016231 Dec 2017 31 Dec 2016231 Dec 2017 31 Dec 2016231 Dec 2017 31 Dec 2016231 Dec 2017 31 Dec 2016231 Dec 2017
Australia 00 1,522* 19,43313,834 18,34019,859 1,721* 6959 572545 41,65737,259
Austria 408402 754674 89650 *4,557 ** 21 ** 7,7537,793
Belgium 889894 2,1581,750 11,72612,995 8,0427,953 ** 2312 ** 33,83931,220
Bermuda 00 00 00 8,9029,559 318305 64 00 9,2269,868
Brazil 00 00 00 12,52713,000 189286 01 00 12,71613,287
Canada 349554 1,6411,335 21,33015,812 19,65721,595 2,025* 3627 694* 45,73242,169
Cayman Islands 00 178* 1941,390 *54,133 *1,586 4765 ** 42,16858,059
China00 00 197602 ** ** 00 ** 13,36118,554
Denmark 362369 652538 1,175* 9,65711,043 *601 1324 ** 13,32815,888
Finland 98115 474451 4,0003,823 4,8605,318 ** 34 ** 13,06713,415
France 5,6555,703 7,6706,210 49,01959,324 63,40570,732 ** 791759 ** 165,643175,362
Germany 1,7101,201 6,4674,765 22,28017,916 53,72962,803 19,688* 6058 9,818* 113,752113,773
Hong Kong  00 00 1771,168 9,49212,077 538754 64 00 10,21314,003
India 00 00 00 10,56014,348 170266 00 00 10,73014,614
Indonesia 00 00 00 7,2458,427 6889 00 00 7,3138,516
Italy 2,8232,869 18,38515,462 360284 31,63037,770 ** 146128 ** 104,31397,781
Japan 00 ** 8,92815,784 63,94981,953 3,574* 3030 *2,149 79,179105,747
Jersey 00 ** 60197 ** 119131 00 ** 9,46610,256
Luxembourg 401271 1,5961,923 3,8434,270 37,78641,328 ** 1,207841 ** 105,200112,178
Mexico 00 ** 00 ** 227242 86 ** 11,42713,684
Netherlands 627519 3,0941,964 14,00316,372 45,37551,540 ** 149146 ** 95,84291,736
Norway 8290 885700 1,154882 *5,701 *594 22 *0 8,6437,969
Poland 196192 798655 00 ** ** 00 ** 5,1656,559
Portugal297248 500484 00 1,7521,925 ** 1312 ** 5,4214,336
Korea, Republic of 885 *0 306* ** 694* 00 ** 16,76721,807
Russian Federation 00 *0 00 7,8859,091 52* 00 ** 23,09924,026
Singapore 00 00 3,97111,110 ** ** 11 ** 8,68218,224
South Africa 00 *0 03 ** 156* 00 ** 8,83612,021
Spain 2,4872,343 6,9245,825 332200 21,50326,584 ** 6867 ** 53,15449,639
Sweden 3145 1,3191,267 19,65521,079 11,66815,514 ** 1514 ** 38,61646,804
Switzerland 9661 00 2,9535,329 *22,390 ** 3144 ** 25,13430,782
Taiwan Province of China 00 00 00 11,50613,765 423525 00 00 11,92914,290
Turkey 00 00 00 4,9186,391 6057 00 01 4,9786,449
United Kingdom 00 4,7704,862 69,82572,880 321,412365,355 46,600* 1,0211,392 34,539* 478,167562,590
United States 00 4,057* 107,00574,165 486,523567,019 *38,855 2,3032,250 ** 706,760764,712
Other countries3300174 ** 5,5535,774 55,91573,679 ** 7588 ** 89,327107,177
International Organisations1,9166,051 3,6883,062 345791 4,3964,200 590695 00 1,2371,245 12,17216,044
Total 18,73522,186 72,42659,023 368,720358,773 1,467,2741,724,747 246,602263,532 6,1256,039 262,893264,291 2,442,7752,698,591
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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