Statistical Press Release – Investment funds - September 2020
Today, Banco de Portugal releases statistics, in Table A.23 of the Statistical Bulletin and in BPstat, on the activity of investment funds for the third quarter of 2020.
At the end of September of 2020, the amount of shares/units (total net value) issued by investment funds reached €27.4 billion, i.e. €565 million more than in the second quarter of 2020 (Chart 1). This increase occurred for the second consecutive quarter, mainly reflecting new shares/units issued by bond funds, which posted a €290 million rise.
Growth in investment funds’ portfolio assets was justified by the higher investment in investment fund shares/units and debt securities.
Households remained the main investor sector in investment funds, holding around 48% of the total amount of shares/units issued. The third quarter of 2020 confirmed the trend observed since the beginning of 2019 (only interrupted in the first quarter of 2020) of increased household investment in shares/units. In the third quarter of 2020, the household portfolio increased by €576 million, thus contributing to a cumulative increase of about €2.4 billion since the beginning of 2019 (Chart 2).
Next update: 11 Feb. 2021
