404129
/en/bank-og-finansmarked/statistikker/vpfondk/kvartal
404129
statistikk
2020-05-22T08:00:00.000Z
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
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Mutual funds, quarterly figures

Updated

Next update

Key figures

-55,7

NOK billions in net purchases/sales

Outstanding amounts and net purchases of mutual fund shares. Market value (NOK million)
2nd quarter 20193rd quarter 20194th quarter 20191st quarter 2020
All sectors
Outstanding amounts1 284 8221 312 8361 360 0181 175 777
Net purchases/sales12 699-7 149523-55 728
General government
Outstanding amounts17 34417 47916 49914 913
Net purchases/sales945-128-1 299-540
Financial corporations
Outstanding amounts865 215881 287903 188779 573
Net purchases/sales8 310-8 847-6 101-39 332
Non-financial corporations
Outstanding amounts77 35378 92183 43867 732
Net purchases/sales1 760-1401 844-7 930
Households
Outstanding amounts163 994168 409182 403155 185
Net purchases/sales4803623 788-5 797
Non-profit institutions serving households
Outstanding amounts33 90233 78835 19832 202
Net purchases/sales691-479368-354
Rest of the world
Outstanding amounts126 890132 834139 176126 033
Net purchases/sales5022 0911 918-1 774
Unspecified sector
Outstanding amounts124118116139
Net purchases/sales11-85-1

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 20193rd quarter 20194th quarter 20191st quarter 2020
Total1 284 8221 312 8361 360 0181 175 777
Non-financial corporations77 35378 92183 43867 732
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government6 9276 4676 4275 011
Public unincorporated enterprises, owned by local government66666865
Public incorporated enterprises, owned by local government2 2052 2581 5641 259
Private non-financial incorporated enterprises64 77166 35871 74357 874
Private non-financial unincorporated enterprises167164167150
Private non-profit institutions serving enterprises3 2173 6083 4693 373
Financial corporations865 215881 287903 188779 573
Norges Bank0000
Banks30 74231 03525 50522 114
Mortgage companies269170199431
Finance companies50505160
State lending institutions etc.649616499466
Financial holding companies4 0083 5083 4483 435
Mutual funds164 230157 212164 465136 613
Investment trusts and private equity funds223545655676
Other financial enterprises, except insurance companies and pension funds104 625107 225114 94797 281
Life insurance companies and pension funds546 338566 806579 070505 030
Non-life insurance companies14 08114 12014 34913 467
General government17 34417 47916 49914 913
Central government527679752729
Local government16 81716 80015 74714 184
Non-profit institutions serving households33 90233 78835 19832 202
Households163 994168 409182 403155 185
Unincorporated enterprises within households25242724
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.3430
Employees, recipients of property income, pensions and social contributions, students etc.163 966168 381182 373155 161
Rest of the world126 890132 834139 176126 033
Unspecified sector124118116139

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 20193rd quarter 20194th quarter 20191st quarter 2020
Total12 699-7 149523-55 728
Non-financial corporations1 760-1401 844-7 930
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government-367-500-33-1 255
Public unincorporated enterprises, owned by local government000-1
Public incorporated enterprises, owned by local government-37522-715-195
Private non-financial incorporated enterprises2 79782 795-6 601
Private non-financial unincorporated enterprises-2-31-1
Private non-profit institutions serving enterprises-293333-204123
Financial corporations8 310-8 847-6 101-39 332
Norges Bank0000
Banks2 00873-4 609-1 914
Mortgage companies85-10027236
Finance companies130010
State lending institutions etc.288-35-120-18
Financial holding companies3 820-518-77-63
Mutual funds-147-13 092818-13 431
Investment trusts and private equity funds-5493197345
Other financial enterprises, except insurance companies and pension funds2 3689583 569-5 523
Life insurance companies and pension funds1 0503 859-5 660-19 033
Non-life insurance companies-626-311-122359
General government945-128-1 299-540
Central government38146596
Local government907-274-1 358-546
Non-profit institutions serving households691-479368-354
Households4803623 788-5 797
Unincorporated enterprises within households-6-210
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000
Employees, recipients of property income, pensions and social contributions, students etc.4863643 787-5 797
Rest of the world5022 0911 918-1 774
Unspecified sector11-85-1

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 20191 291 44242 3114 79617 7049 73710 194273 351158 091128 169427 621164 23047 9266 0361 276
3rd quarter 20191 319 45640 9914 92118 3469 44710 065275 239167 435130 103455 291157 21242 9626 1671 276
4th quarter 20191 366 63843 8415 72222 6419 1599 888273 478163 689139 993475 797164 46549 5827 1071 276
1st quarter 20201 182 39756 1375 05910 9639 2436 698248 875166 716100 739395 437136 61339 3405 3001 276

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 2020
Equity fundsBond fundsMoney market fundsOther bond fundsHybrid fundsOther fundsAll types of funds
Sum all holding sectors616 576320 72296 79584 59053 9203 1741 175 777
Non-financial corporations22 59812 23213 34713 0785 1731 30467 732
Public unincorporated enterprises, owned by central government0000000
Public incorporated enterprises, owned by central government131 6252 598774105 011
Public unincorporated enterprises, owned by local government1384400065
Public incorporated enterprises, owned by local government1642754523323601 259
Private non-financial incorporated enterprises21 2679 8748 91011 4485 0711 30457 874
Private non-financial unincorporated enterprises2416678260150
Private non-profit institutions serving enterprises1 1174341 3374463903 373
Financial corporations396 080269 96552 81646 69212 3971 624779 573
Norges Bank0000000
Banks5 4357 9636 5051 620592022 114
Mortgage companies033497000431
Finance companies225600060
State lending institutions etc.5248213000466
Financial holding companies03 3021249003 435
Mutual funds97 69625 3245 4918 10200136 613
Investment trusts and private equity funds3923609023676
Other financial enterprises, except insurance companies and pension funds48 41119 68911 49111 2726 31510397 281
Life insurance companies and pension funds239 347207 46227 14724 0685 4881 518505 030
Non-life insurance companies5 1455 6181 0831 6210013 467
General government3 9333 9855 6111 35628014 913
Central government267321327120729
Local government3 9313 9185 2901 02916014 184
Non-profit institutions serving households14 3499 7904 6042 7506307932 202
Households101 4543 8236 3869 41333 952156155 185
Unincorporated enterprises within households90618024
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000000
Employees, recipients of property income, pensions and social contributions, students etc.101 4453 8236 3809 41233 944156155 161
Rest of the world78 14620 92413 99911 2801 67311126 033
Unspecified sector1633221670139

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 2020
All types of fundsEquity fundsBond fundsMoney market fundsOther bond fundsHybrid fundsOther funds
Sum all holding sectors-55 728-35 486-6 507-9 392-1 875-2 51244
 
Non-financial corporations-7 930-1 331-392-4 134-1 608-49530
Public unincorporated enterprises, owned by central government0000000
Public incorporated enterprises, owned by central government-1 2555-159-1 1161500
Public unincorporated enterprises, owned by local government-1-201000
Public incorporated enterprises, owned by local government-195-14-26-127-3460
Private non-financial incorporated enterprises-6 601-1 336-235-2 964-1 595-50130
Private non-financial unincorporated enterprises-1-202-100
Private non-profit institutions serving enterprises123182870700
Financial corporations-39 332-28 786-6 202-3 978338-700-4
Norges Bank0000000
Banks-1 914-663-651-415-16-1690
Mortgage companies2360136100000
Finance companies10226000
State lending institutions etc.-1806-24000
Financial holding companies-63-39-240000
Mutual funds-13 431-8 529-2 568-753-1 58100
Investment trusts and private equity funds450-569-1900
Other financial enterprises, except insurance companies and pension funds-5 523-1 857-245-2 674-272-471-4
Life insurance companies and pension funds-19 033-17 450-2 999-3371 811-580
Non-life insurance companies359-25014650415-20
General government-540-6359-443-85-80
Central government60170-20
Local government-546-6358-450-85-60
Non-profit institutions serving households-354161-61-167-2872-2
Households-5 797-3 073154-198-1 431-1 26920
Unincorporated enterprises within households0-100010
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000000
Employees, recipients of property income, pensions and social contributions, students etc.-5 797-3 072154-198-1 431-1 27020
Rest of the world-1 774-2 393-65-4721 197-410
Unspecified sector-1-1001-10

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

Next release

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