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 | 26 598 | 20.5% | 1.14% | 2.04% | 4.11% |
| Investment tranche | 103 029 | 79.5% | 2.57% | 1.17% | 6.84% |
| Total | 129 627 | 1.99% | 1.55% | 6.33% | |
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 | 60.6% |
| – government | 48.9% |
| – government agencies | 5.3% |
| – supranational issuers | 2.8% |
| – MBS and covered bonds | 3.6% |
| Money market instruments | 15.9% |
| Equities | 21.4% |
| Other | 2.0% |
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 | 49.6% |
| USD | 29.8% |
| CAD | 7.6% |
| AUD | 4.0% |
| GBP | 3.6% |
| JPY | 1.6% |
| gold | 2.3% |
| 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.