De Nederlandsche Bank published new statistics showing Dutch households’ portfolio investments in listed shares, investment fund shares and bonds rose to a record EUR 192.4 billion in the fourth quarter of 2024, marking the third consecutive quarter with an all-time high. The increase was entirely driven by valuation gains, as households were net sellers of securities over the quarter. The value increase was mainly attributed to higher valuations of US shares and equity funds, with households’ holdings of US listed shares rising around 10% quarter on quarter to EUR 17.5 billion, supported by both US market gains and a stronger US dollar versus the euro. At end-2024, households held EUR 64.9 billion in listed shares, EUR 121.7 billion in investment fund shares and EUR 5.8 billion in bonds; net transactions amounted to disposals of EUR 1.6 billion, driven by EUR 1.3 billion of sales in directly held debt securities and nearly EUR 750 million of sales in listed shares, partly offset by almost EUR 400 million of net purchases in investment funds.
De Nederlandsche Bank 2025-02-18
De Nederlandsche Bank data show Dutch households’ securities holdings hit record EUR 192.4 billion in Q4 2024 despite net sales
De Nederlandsche Bank reported Dutch households' portfolio investments in listed shares, investment fund shares, and bonds hit a record EUR 192.4 billion in Q4 2024, driven by valuation gains despite net selling. US shares and equity funds significantly contributed, with US listed shares rising 10% to EUR 17.5 billion. At year-end, households held EUR 64.9 billion in listed shares, EUR 121.7 billion in investment fund shares, and EUR 5.8 billion in bonds, with net disposals totaling EUR 1.6 billion.