HAMILTON, BERMUDA -The value of Bermuda’s foreign portfolio investment assets increased by 8% in 2016 as a result of growth in the insurance sector’s total assets.
These and other findings were revealed today in the latest Coordinated Portfolio Investment Survey (CPIS) released by the Bermuda Monetary Authority (the Authority).
The CPIS is part of the International Monetary Fund’s (IMF) comprehensive international survey. It measures Bermuda’s holdings of foreign portfolio investment assets, which comprise tradable financial instruments - other than direct investments or reserve assets - issued by unrelated non-residents. Bermuda’s participation in the CPIS contributes to improved understanding of the jurisdiction as an international financial centre and its impact on global financial intermediation.
Summary highlights from the CPIS include:
The IMF has conducted the CPIS since 1997 with 82 countries currently participating. Bermuda has participated in the CPIS on a voluntary basis since 2001 but results were published for the first time in 2015.