Germany fund shares outward portfolio investment sales
Germany fund shares outward portfolio investment sales stood at 88,064.02 EUR million in Aug 2026, according to Deutsche Bundesbank. It is one of the indicators in the Balance of payments: financial and capital account table (Value · Monthly), with a complete series running from Jan 1971 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Balance of payments: financial and capital account table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio investment, Sales | 1,976,274.06 | 2,225,193.1 | 2,538,448.75 | 2,228,879.31 | 2,100,919.76 | 2,559,819.08 | 2,251,016.47 | 2,193,722.72 | 1,682,241.22 | 1,850,448.3 | |
| Portfolio investment, Investment fund shares, Sales1 | 88,064.02 | 118,544.01 | 127,508.25 | 112,408.32 | 112,756.85 | 148,876.76 | 111,538.44 | 103,771.91 | 95,577.18 | 89,254.58 | |
| Portfolio investment, Investment fund shares, Money market fund shares, Sales | 19,493.25 | 18,798.51 | 24,529.49 | 21,476.95 | 21,855.32 | 24,854.68 | 20,643.41 | 17,891.39 | 21,875.35 | 19,332.75 |
Understanding germany fund shares outward portfolio investment sales
Resident liquidations and redemptions of shares in foreign-domiciled mutual funds and exchange-traded vehicles are aggregated into this distinct gross outflow metric. This category zeroes in on the capital withdrawn from cross-border pooled investment structures, completely separating it from the direct sale of individual foreign equities or corporate bonds. It captures everything from the disposal of offshore real estate funds to the redemption of international bond ETFs, excluding only money market fund transactions. Operating purely on a gross basis, the series tallies the total value of shares returned to foreign fund managers without accounting for new capital deployed into similar vehicles.
Interpreting this series requires a strict period-on-period approach to spot sudden waves of retail or institutional capital exiting foreign delegated-management structures in response to immediate market fears. Year-on-year comparisons offer little analytical value, as shifting regulatory frameworks and changing tax treatments of offshore funds frequently warp the long-term historical baseline. The numbers often face revisions as the delayed settlement processes characteristic of complex offshore fund redemptions are finally resolved in the national accounts. Analysts should be aware that a surge in these sales frequently reflects domestic investors merely switching between different foreign asset managers rather than abandoning international exposure entirely.
Frequently asked questions
- Why are money market funds excluded from this broad liquidation category?
- Money market vehicles possess a unique, highly liquid risk profile and are tracked in a dedicated separate category to prevent their massive daily turnover from obscuring longer-term fund trends.
- Does this metric reflect the underlying assets sold by the foreign fund itself?
- No, it only measures the domestic investor selling their actual share of the fund, regardless of what underlying trades the foreign portfolio manager executes.
- Are domestic mutual funds that invest internationally included in these sales?
- The series strictly monitors the sale of funds legally domiciled outside the reporting economy, completely excluding domestic funds with international exposure.