Mauritian Residents Hold $134.8 Billion in Offshore Assets

Resident investors in Mauritius held a staggering $134.8 billion in foreign portfolio assets as of June 2025, according to the latest figures released by the Bank of Mauritius.

The data, compiled for the “Coordinated Portfolio Investment Survey,” reveals a massive geographical concentration in South Asia.

India remains the primary destination for Mauritian capital, absorbing 68.4% of the total global holdings—representing nearly $7 out of every $10 invested abroad.

Global Business Companies Lead the Charge

The lion’s share of these international assets is held by Global Business Companies (GBCs).

Their activity accounts for the vast majority of the $134.8 billion total, cementing the island’s role as a major hub for cross-border investment flows.

Outside of the GBC sector, portfolio investments reached $12.7 billion, marking a modest increase of $17 million.

This growth was largely driven by:

• Insurance companies
• Investment and pension funds
• Other financial intermediaries

Shifts in the Banking Sector

While non-GBC entities saw growth, the banking sector experienced a decline in foreign portfolio assets, which fell by $271 million.

Analysts attribute this drop to a reduction in long-term debt security holdings.

However, the impact was softened by a simultaneous rise in investments in equities and short-term debt securities.

Global Reporting Standards

These figures are part of a bi-annual survey submitted to the International Monetary Fund (IMF).

The data allows for global comparative analysis of equity and debt securities held by Mauritian residents.

The total valuation reflects the state of Mauritian foreign holdings at the end of the first half of 2025.

Distribution of Mauritian Portfolio Assets by Country

(Figures in billions of US dollars)

Source: Defi Media