Table 1 – International reserves - actively managed portfolios
| Market Value | Average return in reserve currencies. p.a. | ||||
|---|---|---|---|---|---|
| EUR mil | Share | 5 years | 3 years | 1 year | |
| Liquidity tranche | 26 167 | 20.0 % | 1.36 % | 2.43 % | 4.16 % |
| Investment tranche | 104 923 | 80.0 % | 3.25 % | 2.53 % | 13.21 % |
| Total | 131 090 | 2.63 % | 2.74 % | 11.31 % | |
Note: Sum of shares does not have to be equal 100% because of rounding.
Table 2 – Division of the actively managed international reserves portfolios by investment instrument
| Type of investment | Share |
|---|---|
| Bonds | 54.5% |
| – government | 44.5% |
| – government agencies | 5.0% |
| – supranational issuers | 1.5% |
| – MBS and covered bonds | 3.6% |
| Money market instruments | 20.8% |
| Equities | 22.3% |
| Other | 2.4% |
Note: Sum of shares does not have to be equal 100% because of rounding.
Table 3 – Currency allocation of the international reserves
| Currency | Share |
|---|---|
| EUR | 48.8% |
| USD | 29.9% |
| CAD | 7.6% |
| AUD | 4.1% |
| GBP | 3.7% |
| JPY | 1.8% |
| gold | 2.8% |
| SEK | 1.0% |
| SDR | 0.4% |
| other currencies | 0.0% |
Note: Sum of shares does not have to be equal 100% because of rounding.
Explanatory notes:
- The average return in reserve currencies p.a. is calculated as the weighted average of the returns on portfolios in the currencies of the respective portfolios; the weights are the ratios of the portfolios’ market value to the total;
- Five years. three years and one year are moving periods. i.e.. for example. a one-year period contains data for the last four quarters.
- Bonds are broken down into four major categories:
- bonds issued by governments.
- bonds of government agencies. i.e. issuers with a close relationship with the central government. whose liabilities are usually explicitly guaranteed by the government.
- supranational issuers include. for example. the BIS. IBRD. EBRD. EIB. etc..
- MBS bonds and covered bonds are mortgage-backed bonds (bonds guaranteed by selected US agencies – MBS or covered bonds typically issued in Europe).
- Other is the sum of the market value of gold and derivative positions. for example. positions in futures contracts. interest rate and FX swaps. etc.