Portfolio investment in the fourth quarter of 2009

Presentation of the quarterly developments in portfolio investment, broken down by type of instrument and by issuing sector (for liabilities) (FR)

Portfolio investment in 2008 (2008 Annual Report)

In 2008, portfolio investment showed net inflows for the first time since 2001.

• As regards equities, net outflows were recorded due to the large purchases of foreign securities by French residents.
• Capital inflows corresponded to purchases of French securities, in particular government securities, by non-residents.
• Purchases of securities issued by general government were partly offset by purchases of foreign government securities by French residents.

Presentation of France's portfolio investment position and flows at end-2008 (FR)

Non-residents' equity holdings in French CAC 40 companies at end-2008

At 31 December 2008, non-residents had a 39.2% stake in French CAC 40 companies. Euro area shareholders ranked first among non-resident investors in terms of their share in the capital of French CAC40 companies (15.4%).

Study published in the Banque de France Bulletin (FR)