Statistical Press Release – Investment funds - March 2020
Today, Banco de Portugal publishes statistics, in Table A.23 of the Statistical Bulletin and in BPstat, on the activity of investment funds for the quarter ending in March 2020.
In the first quarter of 2020 the outstanding amount of investment fund shares/units (net value) was €25.9 billion, i.e. €1.2 billion less than at the end of 2019 (Chart 1). This was the largest reduction seen since the third quarter of 2014.
The reduction of investment funds' portfolio assets was mainly seen in equity, reflecting a reduction of investment fund shares/units and shares and other equity by €0.5 billion and €0.4 billion respectively, and in the reduction in deposits by €0.2 billion.
Households remained the main investor sector in investment funds, holding approximately 46% of the total outstanding amount of investment fund shares/units, having decreased by €1.0 billion in the first quarter of 2020 (Chart 2). This reduction was the largest since the third quarter of 2014.
Next update: 13 Aug. 2020
