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Press Release: IMF Releases Results of December 2013 Coordinated Portfolio Investment Survey
September 30, 2014
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IMF COMMUNICATIONS DEPARTMENT |
| Media Relations |
|---|
| E-mail: media@imf.org |
| Phone: 202-623-7100 |
September 30, 2014
IMF COMMUNICATIONS DEPARTMENT |
| Media Relations |
|---|
| E-mail: media@imf.org |
| Phone: 202-623-7100 |
The International Monetary Fund (IMF) today released results from its Coordinated Portfolio Investment Survey (CPIS) for end-December 2013. The CPIS is the only global survey of portfolio investment holdings, and collects information on cross-border holdings of equities and long- and short-term debt securities classified by the economy of residence of the issuer. Seventy-four economies submitted end-December 2013 data. Complete CPIS results are available on the IMF website at http://cpis.imf.org/.
The results of the end-December 2013 collection indicate that the market value of cross-border holdings of securities reached $46.7 trillion. For the 56 economies that reported data both for end-June and end-December 2013, holdings increased by 9 percent, largely reflecting strong increases in equity prices in several advanced markets. As of end-December 2013, 70 percent of the total portfolio investment assets (US$ 32.7 trillion) were concentrated in 10 economies. The United States, the United Kingdom, Luxembourg, Japan and Germany ranked in the top five.
The CPIS covered only end-December holdings in 2001-2012. Starting with end-June 2013 data, a number of enhancements were adopted, including semi-annual frequency, acceleration in dissemination of results, and enhancements in the scope of the data collection, including the collection of data on the institutional sector of the nonresident issuers of securities, and on the institutional sector of the resident holder cross-classified by the institutional sector of selected nonresident issuers. Economies covered by the CPIS are also encouraged to report additional detail on the currency composition of holdings, as well as on their portfolio investment liabilities. The concepts and principles underlying the CPIS are aligned with the IMF’s Balance of Payments and International Investment Position Manual, sixth edition (BPM6).
The coverage of the CPIS is augmented with information from two other IMF surveys, namely Securities Held as Foreign Exchange Reserves, and Securities Held by International Organizations. These data sets are disseminated at an aggregate level only, as the data are collected on a confidential basis.
