France external assets: portfolio investment equity & shares
France external assets: portfolio investment equity & shares stood at 1,593,003 EUR million in Q2 2026, according to Eurostat – international investment position by country (bop_iip6_q), compiled by Banque de France. It is one of the indicators in the International investment position table (Value · Quarterly), with a complete series running from Q1 1999 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the International investment position table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | 12,355,704 | 11,806,442 | 11,406,282 | 11,320,349 | 11,179,564 | 11,039,380 | 10,797,807 | 10,696,603 | 10,432,803 | 10,410,500 | |
| Portfolio investment | 4,123,437 | 3,853,304 | 3,824,527 | 3,754,324 | 3,641,226 | 3,507,627 | 3,459,304 | 3,385,838 | 3,299,723 | 3,256,395 | |
| Equity and investment fund shares | 1,593,003 | 1,410,167 | 1,457,247 | 1,363,019 | 1,298,937 | 1,227,685 | 1,261,954 | 1,193,703 | 1,164,875 | 1,128,684 |
Understanding france external assets: portfolio investment equity & shares
Ownership stakes in foreign corporate entities and investment fund shares held by resident investors are isolated in this financial asset segment. Unlike debt securities or fixed-income instruments, these holdings represent residual claims on corporate net assets and collective investment undertakings, excluding corporate bonds, treasury bills, and loans. Financial analysts examine this specific share component to assess how resident portfolios react to international equity market cycles and foreign corporate profitability.
Because these positions are marked to market using foreign stock exchange valuations, quarterly shifts are heavily influenced by share price movements and currency fluctuations rather than net acquisitions of shares. Initial estimates frequently undergo revision when updated custodial and fund administration reports are processed. Comparing these holdings against fixed-income securities provides insight into the risk appetite of resident cross-border investors.
Frequently asked questions
- Are mutual fund shares included in this equity series?
- Yes, shares and units issued by collective investment funds are grouped together with corporate equities.
- Do these figures reflect the nominal cost or market value of shares?
- Positions are recorded at current market value, meaning price swings alter the reported totals directly.
- What is excluded from this asset breakdown?
- Debt securities, loans, and financial derivatives are excluded and tracked under their respective financial instrument categories.