Foreign portfolio investment in France
Foreign portfolio investment in France stood at 20,422 EUR million in Jul 2026, according to Eurostat – balance of payments by country, monthly (bop_c6_m), compiled by Banque de France. It is one of the indicators in the Monthly balance of payments table (Value · Monthly), with a complete series running from Jan 2008 to Jul 2026. The complete series with an interactive chart, free to download.
This indicator in the Monthly balance of payments table
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio investment in France2 | 20,422 | 56,774 | 18,811 | 28,504 | 105,995 | 27,534 | -1,304 | 37,489 | 2,243 | -47,377 | |
| Equity and investment fund shares | -767 | -6,703 | -774 | 7,761 | 7,765 | 210 | -7,678 | 11,107 | -171 | -635 | |
| Debt securities | 21,189 | 63,477 | 19,585 | 20,743 | 98,230 | 27,324 | 6,374 | 26,382 | 2,414 | -46,742 |
Understanding foreign portfolio investment in France
Purchases of domestic marketable securities—including equities, investment fund shares, and debt instruments—by non-resident investors are recorded in this liabilities series. Excluded are direct investment equity holdings conferring management control and cross-border bank loans or deposits classified as other investment. The data captures how much foreign capital finances domestic governments and corporations through liquid, tradable financial markets.
Evaluating this metric involves noting that foreign appetite for domestic securities responds swiftly to shifts in global risk appetite, monetary policy expectations, and sovereign credit ratings. Monthly figures can swing significantly due to primary debt issuance schedules or sudden portfolio shifts by international institutional funds. Comparing equity purchases with debt purchases reveals which segment of domestic capital markets attracts more foreign capital.
Frequently asked questions
- What instruments are covered under foreign portfolio investment liabilities?
- Domestic stocks, bonds, notes, and money market instruments purchased by non-residents.
- Does this series include government bonds held by foreign investors?
- Yes, sovereign debt securities traded in markets and held abroad are included in portfolio debt liabilities.
- How does market volatility impact these liability flows?
- Global financial shocks can trigger rapid sell-offs or purchases of domestic securities by foreign investors.