France liabilities: portfolio equity
France liabilities: portfolio equity stood at 1,723,390 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 | 13,219,706 | 12,669,547 | 12,291,727 | 12,193,033 | 12,045,937 | 11,906,127 | 11,501,817 | 11,530,778 | 11,220,757 | 11,330,918 | |
| Portfolio investment | 5,259,847 | 5,012,800 | 4,947,046 | 4,850,232 | 4,699,760 | 4,635,569 | 4,547,062 | 4,558,839 | 4,428,281 | 4,476,783 | |
| Equity and investment fund shares | 1,723,390 | 1,640,960 | 1,688,929 | 1,568,555 | 1,472,014 | 1,482,956 | 1,409,307 | 1,431,941 | 1,386,511 | 1,468,767 |
Understanding france liabilities: portfolio equity
Domestic equity shares and investment fund units issued by resident corporations and owned by foreign portfolio investors are tallied in this specific equity liability segment. Separating passive equity holdings from debt securities and direct investment equity, this series captures minority ownership stakes in domestic companies traded on public exchanges, excluding corporate bonds and controlling equity stakes. Researchers monitor these holdings to assess foreign participation in domestic stock markets and corporate equity valuations.
Quarterly variations are heavily driven by domestic stock price movements and exchange rate fluctuations rather than new share issuances, meaning valuation effects often exceed net transactional flows. Initial estimates frequently undergo revision as depository trust and custodian reports are finalized. Comparing these equity liabilities against foreign portfolio debt provides insight into the risk preferences of non-resident investors.
Frequently asked questions
- Are unlisted domestic shares included in portfolio equity liabilities?
- Portfolio equity primarily covers publicly traded shares, while unlisted holdings often fall under direct investment.
- Do these figures reflect nominal share values or market prices?
- All positions are recorded at current market prices, meaning stock market volatility directly impacts the data.
- What is the key difference between portfolio equity and direct investment equity?
- Portfolio equity involves passive investors with no management control, unlike direct investment equity.