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CSO statistical release, , 11am

Resident Holdings of Foreign Portfolio Securities

31 December 2020

    € million
 EquityBonds and NotesMoney Market InstrumentsTotal
2020    
Total1,531,8801,621,287484,3023,637,469
of which:
   United States 614,838426,268145,4751,186,581
   United Kingdom152,408486,07976,350714,837
   France46,89799,13379,318225,348
   Luxembourg 108,23629,2028,245145,683
   Germany43,86561,19823,617128,680

Investment in foreign securities rises to €3.6 trillion at end-2020

Figure 1 Portfolio Investment by Country 31 December 2020
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The value of Irish residents’ holdings of foreign securities at end-December 2020 amounted to €3,637bn, up €235bn on the 2019 level of €3,402bn. The increase is largely accounted for by increases in equity and money market instruments assets.

Combined investment in US-issued and UK-issued instruments (€1,901bn) accounted for 52.3% of the total stock, up from 51.8% on 2019.

Other points of note from the end-2020 results are:

  • Overall investment in US securities rose by €117bn, but the composition of that investment changed significantly with equity up €99bn, money market instruments up €36bn and bonds & notes down €18bn – see Table 1. Investment funds accounted for 76% of US securities total - the corresponding investment by money market funds increased by €22bn to €115bn - see Table 2.
  • Investment in UK securities rose by €22bn to €715bn, cementing its position as the second most popular investment location. France is still at the third place with investment increasing by €28bn to €225bn.
  • Significant holdings are also shown for Luxembourg (€146bn, up 4.7%), Germany (€129bn, down 4.2%), Netherlands (€122bn, down 3.9%), Italy (€119bn, up 3.3 %) and Japan (€115bn, up 5.5 %).
  • Total investment in investment funds increased by €180bn to €2,449bn – the corresponding total investment in money market funds increased by €15bn to €425bn - see Table 2.

This release also provides analysis by country of issuer and sector of holder (Table 2).  Corresponding data for 2019 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 2nd September 2021 in the International Accounts Quarter 2 2021 – see Background Notes.  More detailed geographical analysis is available on PxStat.