398966
/en/bank-og-finansmarked/statistikker/vpfond/aar
398966
statistikk
2020-09-17T08:00:00.000Z
Banking and financial markets
en
vpfond, Mutual funds, mutual fund shares capital, profit and loss account, balance sheet, stocksSecurities markets , Banking and financial markets
true

Mutual funds

Updated

Next update

Key figures

189 347

NOK million net income

Main figures - Mutual funds. NOK Million
2016201720182019
TOTAL ASSETS1 055 5951 190 8471 172 2241 370 170
MUTUAL FUND SHARES AT PAR VALUE657 732705 804740 277786 571
NET INCOME49 008116 036-39 775189 347
NUMBER OF MUTUAL FUNDS389398387398

See selected tables from this statistics

Table 1 
Table 1. Mutual funds. Balance sheet by financial instruments (NOK million)

Table 1. Mutual funds. Balance sheet by financial instruments (NOK million)
2016201720182019
ASSETS
Equities432 439519 620497 927627 111
Mutual fund shares166 747183 905177 043186 261
Equity certifikates3 9475 6414 7697 157
Long-term debt securities370 009395 034431 640471 486
Short-term debt securities47 05143 99423 64828 449
Other assets2 0684 5661 31711 197
Bank deposits in total33 33538 08835 91038 477
Deposits in domestic banks26 91230 19530 06729 005
Deposits in foreign banks6 4237 8935 8439 471
TOTAL ASSETS1 055 5951 190 8471 172 2241 370 170
 
LIABILITIES AND EQUITY CAPITAL
Total paid-in equity capital760 452882 310891 980925 266
Mutual fund shares at par value657 732705 804740 277786 571
Premium/discount102 719176 507151 704138 695
Retained earnings289 362302 482273 624436 500
Debt5 7826 0556 6208 405
Tax payable710322-97-151
Allocated to the mutual fund shares’ holders1 776224275312
Other debt3 2965 5106 4428 244
TOTAL LIABILITIES AND EQUITY CAPITAL1 055 5951 190 8471 172 2241 370 170
 
Number of mutual funds389398387398

Table 2 
Table 2. Mutual funds. Profit and loss accounts (NOK million)

Table 2. Mutual funds. Profit and loss accounts (NOK million)
2016201720182019
Portfolio income and expenses
Interest12 74812 29712 64714 215
Dividend11 44013 49814 97916 227
Net realized gains on securities17 85046 05235 99141 044
Net changes in unrealized gains/losses on securities6 64946 086-97 094130 731
Other investment portfolio income and expenses6 5505 455878-5 250
NET INVESTMENT PORTFOLIO INCOME55 237123 388-32 599196 967
 
Management revenue and costs
Commision from sale and redemption of mutual fund shares47797750
Other income and expenses36-35-4-158
Management charges-5 350-6 293-6 116-6 337
NET MANAGEMENT INCOME-5 267-6 249-6 043-6 445
 
NET INCOME BEFORE TAX49 970117 140-38 642190 522
Tax costs-961-1 103-1 132-1 175
 
NET INCOME49 008116 036-39 775189 347
 
Allocation of Net Income
Allocated for distribution to mutual fund shares' holders10 33212 1773 1795 964
Net distributed to mutual fund shares' holders during the year1 1723 7578 0513 492
Transfer to/from retained earnings37 504100 102-51 004179 890
TOTAL ALLOCATIONS AND EQUITY TRANSFERS49 008116 036-39 774189 346

Table 3 
Table 3. Mutual funds. Sum of assets by type of funds (NOK million)

Table 3. Mutual funds. Sum of assets by type of funds (NOK million)
2016201720182019
TOTAL ASSETS1 055 5951 190 8471 172 2241 370 170
Equity funds532 475633 479611 436759 179
Bond funds309 706316 449315 071338 642
Money market funds97 235107 899111 463109 285
Other bond funds55 30559 62062 95697 061
Hybrid funds55 61867 34765 74261 617
Other funds5 2556 0535 5584 387

Table 4 
Table 4. Mutual funds. Net Income by type of funds (NOK million)

Table 4. Mutual funds. Net Income by type of funds (NOK million)
2016201720182019
NET INCOME49 008116 036-39 775189 347
Equity funds32 37295 510-39 277159 894
Bond funds10 2299 45340415 406
Money market funds1 8851 5381 2492 185
Other bond funds2 2743 4006784 531
Hybrid funds2 0335 665-2 7647 093
Other funds214471-63238

Table 5 
Table 5. Mutual funds. Profit and loss accounts, by category of results and by type of funds (NOK million)

Table 5. Mutual funds. Profit and loss accounts, by category of results and by type of funds (NOK million)
2019
Equity fundsOther funds
Portfolio income and expenses
Interest18514 030
Dividend15 866361
Net realized gains on securities38 5562 488
Net changes in unrealized gains/losses on securities112 18518 546
Other investment portfolio income and expenses-936-4 314
NET INVESTMENT PORTFOLIO INCOME165 85631 111
 
Management revenue and costs
Commision from sale and redemption of mutual fund shares3020
Other income and expenses-149-9
Management charges-4 793-1 544
NET MANAGEMENT INCOME-4 912-1 533
 
NET INCOME BEFORE TAX160 94329 579
Tax costs-1 050-125
 
NET INCOME159 89429 453
 
Allocation of Net Income
Allocated for distribution to mutual fund shares' holders65 958
Net distributed to mutual fund shares' holders during the year03 492
Transfer to/from retained earnings159 88720 003
TOTAL ALLOCATIONS AND EQUITY TRANSFERS159 89329 453

About the statistics

The statistics cover mutual funds managed by Norwegian fund managers and present information on annual balance sheet and profit and loss accounts of the mutual funds.

Definitions

Definitions of the main concepts and variables

Balance sheet: The balance sheet shows assets, liabilities and equity at the end of the financial year.

Profit and loss account: Shows income and expenses over the course of the calendar year.

Securities: Is often used as a generic term for paper traded on the stock exchange. Along with bearer bonds and shares, these also include certificates, primary capital certificates and unit trust participations.

The financial market statistics has defined into four types of funds: equity funds, bond funds, money market funds and combination funds.

Equity funds: AMS funds, non-restricted equity funds and international funds. Bond funds: government bond funds, ordinary/regular bond funds and international bond funds.

Money market fund: government money market funds, ordinary/regular money market funds and international money market funds.

Combination funds: government combination funds, ordinary/regular combination funds and international combination funds.

Standard classifications

We have three types of classifications: instrument, sector and type:

Financial instruments and fixed assets: liabilities, claims and other assets in the unit trust's balance sheets are divided into main groups with a view to providing uniform groups.

Debtor and creditor sector: In compiling the statistics, the actors are grouped into sectors, primarily by socio-economic function, such as general government, financial enterprises, non-financial enterprises, households and the rest of the world.

Income and expense types: including, inter alia, interest and share dividends, are based on national accounts rules.

Administrative information

Name and topic

Name: Mutual funds
Topic: Banking and financial markets

Next release

Responsible division

Division for Financial Markets Statistics

Regional level

Only at the national level

Frequency and timeliness

Annual

International reporting

Not relevant

Microdata

Publication-ready data are stored in a FAME and SAS database.

Background

Background and purpose

The purpose is to contribute accounting data to the financial market statistics and national accounts, and for supervisory and control purposes at the Banking, Insurance and Securities Commission and Norges Bank. Officially, Statistics Norway started the unit trust statistics in 1990. The statistics are based on the cooperation of the Banking, Insurance and Securities Commission, Norges Bank and Statistics Norway. Until 1994 Statistics Norway did the collection, processing, storage and presentation of the data. After 1994 Norges Bank had responsibility for collecting, processing, storage and presentation for unit trusts. Since January 2007 Statistics Norway has had the responsibility for unit trusts. Since 1996 Statistics Norway has published profit and loss figures in addition to previously published annual balance sheets with sector specification of certain financial instruments.

Users and applications

Included in the financial market statistics and national accounts. Major users are professional organizations, Ministry of Finance and Customs, Norges Bank, the Banking, Insurance and Securities Commission and international organizations.

Equal treatment of users

Not relevant

Coherence with other statistics

The statistics are based on the guidelines in the System of National Accounts from 2008 (SNA 2008), European System of Accounts from 2010 (ESA 2010) and the IMF's Manual on Monetary and Financial Statistics.

Legal authority

The Statistics Act § 2-2

EEA reference

Not relevant

Production

Population

The population is all unit trusts licensed by the Banking, Insurance and Securities Commission.

Data sources and sampling

Statistics Norway collects accounting data from all unit trust registered in Norway.

Total census: the statistics contain figures for all unit trusts in Norway.

Collection of data, editing and estimations

For unit trusts, Statistics Norway publishes annual balance sheet figures by financial instrument and type of fund, figures on holdings of securities by debtor sector and type of fund, and participation capital figures at face value by creditor sector. Profit and loss figures have also been published since 1996.

Statistisk Norway control and revise the accounting data against published annual accounts and other consecutive sources.

Seasonal adjustment

Not relevant

Confidentiality

Not relevant

Comparability over time and space

The accounts statistics for unit trusts are, as far as possible, based on current accounting rules. Breaks can therefore occur in connection with changes in accounting legislation.

Accuracy and reliability

Sources of error and uncertainty

5.1 Collection and processing errors Errors and discrepancies can occur in accounting data. These discrepancies can have several sources. * Errors in transferring the data from the companies' primary accounts to receiving media Different accounting and estimation principles Different entry times * Incompletely filled out reports from respondents

Not relevant The response rate is 100 per cent.

Not relevant

Revision

Not relevant