France net IIP: portfolio investment equity & fund shares
France net IIP: portfolio investment equity & fund shares stood at -130,387 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 | -864,002 | -863,105 | -885,446 | -872,684 | -866,373 | -866,747 | -704,010 | -834,175 | -787,954 | -920,417 | |
| Portfolio investment | -1,136,410 | -1,159,496 | -1,122,519 | -1,095,908 | -1,058,534 | -1,127,942 | -1,087,758 | -1,173,001 | -1,128,558 | -1,220,388 | |
| Equity and investment fund shares | -130,387 | -230,793 | -231,682 | -205,536 | -173,077 | -255,271 | -147,353 | -238,238 | -221,636 | -340,083 |
Understanding france net IIP: portfolio investment equity & fund shares
Portfolio investment equity and investment fund shares measure the net international position in corporate shares and fund units held without exercising managerial control. This series isolates tradable equity securities from debt securities within the broader portfolio category, focusing exclusively on ownership shares traded on public markets or issued by collective investment funds. It excludes shares held for direct investment purposes where a lasting management interest exists.
When reviewing this measure, analysts must account for the strong impact of stock market performance and exchange rate fluctuations on asset valuations. Early quarterly data are subject to revisions as institutional portfolio reports are finalized. Evaluating extended trends provides a more accurate picture of cross-border equity allocation than short-term period comparisons, which frequently mirror general equity market rallies or downturns.
Frequently asked questions
- What is excluded from portfolio equity?
- Direct investment equity holdings that involve managerial control are excluded.
- Do investment fund shares count toward this total?
- Yes, units in mutual funds and collective investment undertakings are included alongside ordinary corporate shares.
- How do stock market indices relate to this series?
- Movements in domestic and foreign equity prices directly drive valuation changes in these holdings.