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437891
statistikk
2021-05-20T08:00:00.000Z
Banking and financial markets
en
vpfondk, Mutual funds, quarterly figures, fund types (for example mutual fund, bond fund, money market fund), mutual fund shares capital, stocks, net subscriptionsSecurities markets , Banking and financial markets
true

Mutual funds, quarterly figures

Updated

Key figures

57.7

NOK billions in net purchases/sales

Outstanding amounts and net purchases of mutual fund shares, selected holding sectors. Market value (NOK million)
2nd quarter 20203rd quarter 20204th quarter 20201st quarter 2021
All sectors
Outstanding amounts1 318 5711 402 4151 484 0871 587 963
Net purchases/sales42 61426 19117 42857 677
Financial corporations
Outstanding amounts863 400913 197982 8471 040 348
Net purchases/sales21 28615 1754 70528 985
Non-financial corporations
Outstanding amounts75 97684 00989 775101 940
Net purchases/sales3 0406 4452 8759 770
Households
Outstanding amounts180 881191 672201 258215 681
Net purchases/sales9 1542 819-5275 682
Rest of the world
Outstanding amounts145 298157 124152 891169 192
Net purchases/sales6 65442611 17910 401

See selected tables from this statistics

Table 1 
Holdings of mutual fund shares, by holding sectors. NOK million

Holdings of mutual fund shares, by holding sectors. NOK million
2nd quarter 20203rd quarter 20204th quarter 20201st quarter 2021
Total1 318 5711 402 4151 484 0871 587 963
Non-financial corporations75 97684 00989 775101 940
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government5 1737 2997 8597 665
Public unincorporated enterprises, owned by local government67695657
Public incorporated enterprises, owned by local government1 0731 0281 0742 195
Private non-financial incorporated enterprises65 99972 24977 56988 434
Private non-financial unincorporated enterprises159155151139
Private non-profit institutions serving enterprises3 5053 2093 0663 450
Financial corporations863 400913 197982 8471 040 348
Norges Bank0000
Banks26 19928 19727 69131 787
Mortgage companies201553177239
Finance companies78787980
State lending institutions etc.2 2042 8053 0602 854
Financial holding companies3 5173 5245 0295 481
Mutual funds158 545172 059173 751187 905
Investment trusts and private equity funds6169347701 042
Other financial enterprises, except insurance companies and pension funds109 972118 446128 022131 602
Life insurance companies and pension funds547 653572 353629 162662 009
Non-life insurance companies14 41514 24815 10617 349
General government16 50717 77418 26819 806
Central government802827735741
Local government15 70516 94717 53319 065
Non-profit institutions serving households36 39638 47638 86240 765
Households180 881191 672201 258215 681
Unincorporated enterprises within households24283034
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.1122
Employees, recipients of property income, pensions and social contributions, students etc.180 856191 643201 226215 645
Rest of the world145 298157 124152 891169 192
Unspecified sector113163186231

Table 2 
Net purchases of mutual fund shares by purchasing sectors. NOK million

Net purchases of mutual fund shares by purchasing sectors. NOK million
Net purchases/sales
2nd quarter 20203rd quarter 20204th quarter 20201st quarter 2021
Total42 61426 19117 42857 677
Non-financial corporations3 0406 4452 8759 770
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government412 086582-184
Public unincorporated enterprises, owned by local government0001
Public incorporated enterprises, owned by local government-276-52181 108
Private non-financial incorporated enterprises3 3564 5052 4668 614
Private non-financial unincorporated enterprises-4-8-6-13
Private non-profit institutions serving enterprises-77-86-185244
Financial corporations21 28615 1754 70528 985
Norges Bank0000
Banks1 3701 259-8643 065
Mortgage companies-233352-37562
Finance companies17001
State lending institutions etc.1 729590271-192
Financial holding companies-315-5-2177
Mutual funds9 2485 624-5 9077 206
Investment trusts and private equity funds-75533-202-43
Other financial enterprises, except insurance companies and pension funds4 0542 7453 5701 261
Life insurance companies and pension funds5 5334 5747 79315 754
Non-life insurance companies-42-4974401 794
General government8408691311 261
Central government5020-883
Local government7908492191 258
Non-profit institutions serving households1 641437-9171 535
Households9 1542 819-5275 682
Unincorporated enterprises within households-1314
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000
Employees, recipients of property income, pensions and social contributions, students etc.9 1552 816-5285 678
Rest of the world6 65442611 17910 401
Unspecified sector-120-1843

Table 3 
Mutual Funds' assets. Market value. NOK Million

Mutual Funds' assets. Market value. NOK Million
Sum all assetsDepositsShort-term debt securitiesShort-term debt securitiesShort-term debt securitiesLong-term debt securitiesLong-term debt securitiesLong-term debt securitiesSharesMutual fund sharesEquity certificatesOther assets
Issued byIssued byIssued byIssued byEquity certificates
Central governmentOther domestic sectorsRest of the worldCentral governmentOther domestic sectorsRest of the worldDomestic sectorsRest of the worldDomestic sectorsRest of the worldEquity certificates
2nd quarter 20201 326 97639 9985 45210 8127487 168269 543204 980123 551451 403158 54537 1156 49311 168
3rd quarter 20201 410 82043 1083 97312 3997607 508277 658210 363137 113492 591172 05935 3446 77611 168
4th quarter 20201 492 49242 1455 49315 0967268 242288 478204 430162 260523 205173 75149 8937 60511 168
1st quarter 20211 596 36844 9875 47114 4691 2148 120300 202210 760172 531582 533187 90548 7658 24311 168

Table 4 
Outstanding amounts of mutual fund shares, by holding sectors and type of funds. Last quarter (NOK million)

Outstanding amounts of mutual fund shares, by holding sectors and type of funds. Last quarter (NOK million)
1st quarter 2021
Equity fundsBond fundsMoney market fundsOther bond fundsHybrid fundsOther fundsAll types of funds
Sum all holding sectors913 628363 695124 621112 32969 1094 5811 587 963
Non-financial corporations33 80814 50827 97217 1506 7211 781101 940
Public unincorporated enterprises, owned by central government0000000
Public incorporated enterprises, owned by central government91 6795 142834107 665
Public unincorporated enterprises, owned by local government1204500057
Public incorporated enterprises, owned by local government2194461 0084942802 195
Private non-financial incorporated enterprises32 28711 69620 78715 2676 6201 77788 434
Private non-financial unincorporated enterprises2218662274139
Private non-profit institutions serving enterprises1 2596699844934503 450
Financial corporations587 874311 64962 21660 09516 1702 3431 040 348
Norges Bank0000000
Banks9 35410 7599 5651 477632031 787
Mortgage companies02390000239
Finance companies6274700080
State lending institutions etc.84302 4160002 854
Financial holding companies05 31312741005 481
Mutual funds142 20229 8145 46810 42100187 905
Investment trusts and private equity funds52365517331831 042
Other financial enterprises, except insurance companies and pension funds71 54125 22613 40712 7908 363274131 602
Life insurance companies and pension funds357 687233 21928 92333 1327 1621 886662 009
Non-life insurance companies7 0716 5991 6082 06110017 349
General government5 3254 4598 3051 68033419 806
Central government339365321130741
Local government5 3224 4207 9401 35920419 065
Non-profit institutions serving households19 05311 6015 4763 76973812840 765
Households146 1106 6227 86911 79442 979308215 681
Unincorporated enterprises within households1206115034
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0110002
Employees, recipients of property income, pensions and social contributions, students etc.146 0986 6217 86211 79342 964308215 645
Rest of the world121 38714 84412 75417 7682 42217169 192
Unspecified sector71122973460231

Table 5 
Net purchases of Norwegian mutual fund shares, by holding sectors and type of funds. Last quarter. NOK million

Net purchases of Norwegian mutual fund shares, by holding sectors and type of funds. Last quarter. NOK million
1st quarter 2021
All types of fundsEquity fundsBond fundsMoney market fundsOther bond fundsHybrid fundsOther funds
Sum all holding sectors57 67731 0476 97610 1687 5961 658232
 
Non-financial corporations9 7701 0161 0385 9761 44122574
Public unincorporated enterprises, owned by central government0000000
Public incorporated enterprises, owned by central government-184069-254100
Public unincorporated enterprises, owned by local government1001000
Public incorporated enterprises, owned by local government1 108-61539421630
Private non-financial incorporated enterprises8 6141 0235355 3401 41822870
Private non-financial unincorporated enterprises-13-201-1604
Private non-profit institutions serving enterprises2441281-5422-60
Financial corporations28 98519 8184 4301 6552 76826351
Norges Bank0000000
Banks3 0651081 879769295140
Mortgage companies620620000
Finance companies121-2000
State lending institutions etc.-1920-134-58000
Financial holding companies7704703000
Mutual funds7 2063 8382 6787461600
Investment trusts and private equity funds-430-99312500
Other financial enterprises, except insurance companies and pension funds1 261908990372-1 37131151
Life insurance companies and pension funds15 75414 314-1 768-243 295-630
Non-life insurance companies1 794648774493-12210
General government1 261-362071 091-210
Central government3003000
Local government1 258-362071 088-210
Non-profit institutions serving households1 535411324609125957
Households5 6823 713-3182917871 15950
Unincorporated enterprises within households4000040
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000000
Employees, recipients of property income, pensions and social contributions, students etc.5 6783 713-3182917871 15550
Rest of the world10 4016 1071 2955452 45400
Unspecified sector4318012310

About the statistics

The statistic Mutual funds, quarterly figures include mutual funds managed by Norwegian fund managers and contain information about share capital and net purchases of mutual fund shares by type of fund and holding sector.

Definitions

Definitions of the main concepts and variables

Definitions of the main concepts and variables:

Mutual fund: Mutual funds are collective investment undertakings through which an indefinite circle of investors pool funds for investment mostly in securities such as listed shares, equity certificates, bonds and short-term debt securities.

Securities: A security is a negotiable financial instrument. Negotiability refers to the fact that its legal ownership is readily capable of being transferred from one owner to another by delivery or endorsement. While any financial instrument can potentially be traded, a security is designed to be traded on an organised exchange or “over the counter”, although evidence of actual trading is not required. The over-the-counter marketinvolves parties negotiating directly with one another, rather than on a public exchange.

Securities include debt securities and equity securities, securities such as listed and unlisted shares, equity certificates, bonds and short-term debt securities.

Type of mutual funds:

The mutual funds are grouped into the following six types of mutual funds, according to how the mutual funds share capital is invested: equity funds, bond funds, money market funds, hybrid funds, other bond funds and other funds.

Equity fund is a type of mutual fund, where 80 percent of shareholders’ capital is invested in equity securities, mainly listed shares and equity certificates.

Bond fund is a mutual fund invested in debt instruments or bond funds. It is also called debt fund. Share capital in bond funds are invested in long-term debt instruments.

Money market fund is a mutual fund or more exactly a debt fund that invests in short-term debt securities such as treasury bills and commercial papers that are called money market instruments that have maturity of less than a year.

Hybrid fund is a mutual fund that invests both in equities and bonds. The percentage of equities or debt instruments in the portfolio of the hybrid funds varies from one hybrid fund to another. This percentage may also vary over time.

Other bond fund is a debt fund that doesn’t fall into the category of bond fund or money market fund.

Other fund can be described as a mutual fund that cannot be classified as any of the above mentioned funds. Hedge funds among others are classified under this category.

 

Evaluating

The market value of the mutual funds' shares is based on the net share value of the individual fund at the end of each period.

The market value of the securities owned by the mutual funds is based on available market rates. For listed securities, this will mainly be the market price from the Oslo Stock Exchange and foreign stock exchanges. For the non-listed, VPS-registered securities, estimated market rates derived from annual tax assessment rates are used.

Standard classifications

The sector and industry classification for Norwegian enterprises (issuers/owners) is entirely based on the Register of Business Enterprises in Brønnøysund that is based on the international requirements stated in SNA2008/ESA2010 and NACE Rev.2 from the 4th quarter of 2006.

Administrative information

Name and topic

Name: Mutual funds, quarterly figures
Topic: Banking and financial markets

Responsible division

Division for Financial Markets Statistics

Regional level

National level, no regional divisions.

Frequency and timeliness

Quarterly. Normally published 9-10 weeks after the end of the reference period.

International reporting

OECD and BIS

Microdata

Time series are stored in a database solution.

Background

Background and purpose

The purpose is to provide an overview of the mutual funds’ balance sheet, with a particular focus on the sector information of the funds’ shares capital and mutual funds’ assets. Data basis is also used as an input for the balance of payments, financial sector accounts and the money supply statistics.

The statistics were established in 1997 and contains quarterly data as of 1st quarter of 1996. Data is also available for earlier periods, on an annual basis, annual accounting statistics for mutual funds.

The responsibility for publishing the statistics was transferred from Central Bank of Norway to Statistics Norway as of 1 January 2007.

Users and applications

In addition to Statistics Norway, important users are, public authorities, research institutes and participants in the securities markets.

Equal treatment of users

Not relevant

Coherence with other statistics

Adapted in accordance with the national accounts’ recommendations.

Legal authority

The Statistics Act § 2-2.

EEA reference

Not relevant

Production

Population

The statistics are based on:

• Data on mutual funds’ shares capital and on the transactions of mutual funds shares.

• Data on the mutual funds’ holdings of Norwegian and foreign securities.

Data sources and sampling

The statistics is based on quarterly reporting of the mutual funds’ managers, monthly data deliveries from the Norwegian Central Securities Depository (VPS) and custodians (for information on the mutual funds). ORBOF (accounting information for banks and financial undertakings) is used as a source, with regard to the mutual funds’ bank deposits.

The statistics include all Norwegian-registered mutual funds.

Collection of data, editing and estimations

Primary data on mutual funds’ shares are received electronically from the mutual funds’ managers, via AltInn, the common Web portal for public reporting. Other relevant data, mainly on the mutual funds’ holdings of securities, is extracted from data that the Division for Financial Market Statistics collects from other sources for securities data.

Primary data is controlled for each source. In addition, controls are carried out on balance sheet level, both per mutual fund and at an aggregate level. Data series are reviewed on an ongoing basis and are published together with the data for the new reference period.

For some smaller balance sheet items where no quarterly data are received, interpolations are made, based on the annual accounts data.

Seasonal adjustment

Not relevant

Confidentiality

Statistics Norway’s standard confidentiality rules apply.

Comparability over time and space

Generally, the mutual funds statistics provide quarterly data comparable over time. However, changes in the legal framework, changes in the regulation of registration requirements in the Securities Register act and changes in the institutional sector classification can all lead to break in the time-series data. The main changes that are introduced are as follows:

2012: A new four digit institutional sector classification is introduced

The new sector classification was adopted in the mutual funds statistics as of January 2012. One of the most significant changes is that the line between financial and non-financial sectors has been shifted such that the value of the financial sectors increased. In addition to this, new financial sectors were introduced such as investment trusts and private equity funds other financial enterprises, except insurance companies and pension funds. Households and non-profit institutions serving households are also treated separately according to the new institutional sector classification.

2012: New classification of type of funds

Statistics Norway introduced changes in the classification of the mutual funds as of 1st January 2012. This change in the standards is in line with the Norwegian Fund and Asset Management Association’s (VFF) standards, which they introduced in 2010. According to this, a new group called ‘other bond funds’ was introduced and the money market funds were defined more precisely. Changes were in line with the new guidelines that were drawn by ESMA- European Securities and Markets Authority to have a new common definition of the money market funds.

2006: Changes in the statistics as of 4th quarter of 2006

The mutual funds’ investments in mutual funds shares are included in the figures as of 4th quarter 2006. Previous quarters were published as net figures, i.e. without these investments.

In addition, the information regarding what mutual funds own in terms of shares, bonds short-term debt securities were directly collected through VPS (Norwegian Central Securities Depository) and the custodians that deposit the mutual funds’ assets.

2004:

A quarterly direct reporting of information on the mutual funds shares, via mutual funds’ managers has been established starting with the 4th quarter of 2004.

Accuracy and reliability

Sources of error and uncertainty

To the extent that the fixed delivery from the primary sources contains errors or defects, this could affect the statistics. Processing and control routines have been established in order to detect and correct such errors and defects.

Revision

Not relevant