Foreign investment in financial assets total $119B


The total investments of non-residents in local financial assets was estimated at $119.3 billion by the end of 2014, according to a new report from the Economic and Statistics Office.

The first-ever International Investment Position Report for the Cayman Islands, released last week, also shows the stock of financial assets held by residents abroad. By the end of 2014, investments in financial assets abroad of residents, primarily financial corporations, totaled approximately $124 billion.

The total investments of residents abroad consisted of direct investments totaling $21 billion; portfolio investments of $19.8 billion, financial derivatives at $2 billion; currencies, loans, deposits and other investments at $81 billion; and reserve assets at $99 million.

The total investments of non-residents in local financial assets, which are the foreign liabilities of residents, were in the form of direct investment at $26.7 billion, portfolio investment at $27.4 billion, and currencies, loans, deposits and other investment at $65.2 billion.

The Cayman Islands’ net international investment position, which is the difference between what Cayman owns abroad and what Cayman owes to non-residents, stood at $4.7 billion at the end of 2014.

The net international investment position was an improvement on the 2013 position, by $1.6 billion.