Irish IFs are owned mainly by non-residents, with 26 per cent held by other euro area residents and 68 per cent held by those outside the euro area and just 6 per cent owned by Irish residents. This breakdown reflects a significant move in ownership away from euro area residents to the rest of the world over recent quarters. Similarly most assets owned by Irish resident IFs are domiciled outside the state. When unclassified assets are excluded, just per cent of capital is invested in Irish assets, per cent invested.