320049
/en/bank-og-finansmarked/statistikker/vpfondk/kvartal
320049
statistikk
2017-11-22T08:00:00.000Z
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

16 399

NOK million net purchases/sales

Outstanding amounts and net purchases of mutual fund shares. Market value (NOK million)
4th quarter 20161st quarter 20172nd quarter 20173rd quarter 2017
All sectors
Outstanding amounts1 046 3311 112 2741 148 0411 168 304
Net purchases/sales-17732 71617 01916 399
General government
Outstanding amounts13 80714 27814 93815 532
Net purchases/sales-26215505509
Financial corporations
Outstanding amounts670 034712 093734 850758 812
Net purchases/sales-5 05926 52711 75011 864
Non-financial corporations
Outstanding amounts69 81279 25582 06082 538
Net purchases/sales1 5104 9461 8142 797
Households
Outstanding amounts153 659161 865166 429167 371
Net purchases/sales1 2151 9761 1601 371
Non-profit institutions serving households
Outstanding amounts32 99433 61036 98336 906
Net purchases/sales-505-1582 846138
Rest of the world
Outstanding amounts105 744111 015112 604106 965
Net purchases/sales2 696-818-1 046-278
Unspecified sector
Outstanding amounts281158177180
Net purchases/sales-828-10-2

See more tables on this subject

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

Holdings of mutual fund shares, by holding sectors. NOK million
4th quarter 20161st quarter 20172nd quarter 20173rd quarter 2017
Total1 046 3311 112 2741 148 0411 168 304
Non-financial corporations69 81279 25582 06082 538
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government1 5614 4595 6066 454
Public unincorporated enterprises, owned by local government323275227198
Public incorporated enterprises, owned by local government1 6451 6871 3571 341
Private non-financial incorporated enterprises61 74567 94070 04269 673
Private non-financial unincorporated enterprises147298280145
Private non-profit institutions serving enterprises4 3914 5964 5484 727
Financial corporations670 034712 093734 850758 812
Norges Bank0000
Banks16 97826 40335 42635 187
Mortgage companies60607272
Finance companies358585
State lending institutions etc.659783737613
Financial holding companies232236239163
Mutual funds140 337154 221155 575156 790
Investment trusts and private equity funds336277346373
Other financial enterprises, except insurance companies and pension funds57 89352 86355 17957 561
Life insurance companies and pension funds444 553466 334476 319494 371
Non-life insurance companies8 98310 91110 87213 597
General government13 80714 27814 93815 532
Central government242119102334
Local government13 56514 15914 83615 198
Non-profit institutions serving households32 99433 61036 98336 906
Households153 659161 865166 429167 371
Unincorporated enterprises within households29313132
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.1322
Employees, recipients of property income, pensions and social contributions, students etc.153 629161 831166 396167 337
Rest of the world105 744111 015112 604106 965
Unspecified sector281158177180

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
4th quarter 20161st quarter 20172nd quarter 20173rd quarter 2017
Total-17732 71617 01916 399
Non-financial corporations1 5104 9461 8142 797
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government893531 136789
Public unincorporated enterprises, owned by local government-40-45-50-30
Public incorporated enterprises, owned by local government32029-3410
Private non-financial incorporated enterprises1 2964 3151 1901 883
Private non-financial unincorporated enterprises9144-139
Private non-profit institutions serving enterprises-164150-108146
Financial corporations-5 05926 52711 75011 864
Norges Bank0000
Banks-1 1272 1198 138-562
Mortgage companies-702100
Finance companies-92800
State lending institutions etc.535128-52-126
Financial holding companies531-79
Mutual funds3 6389 869-1 077-1 199
Investment trusts and private equity funds118-1126850
Other financial enterprises, except insurance companies and pension funds1 2271 6421 216393
Life insurance companies and pension funds-9 76111 7613 53011 175
Non-life insurance companies3851 113-1642 212
General government-26215505509
Central government-46-124-43231
Local government20339548278
Non-profit institutions serving households-505-1582 846138
Households1 2151 9761 1601 371
Unincorporated enterprises within households1200
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0200
Employees, recipients of property income, pensions and social contributions, students etc.1 2141 9721 1601 371
Rest of the world2 696-818-1 046-278
Unspecified sector-828-10-2

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
4th quarter 20161 052 10133 3334 57121 56120 00910 001231 563117 942105 861325 211140 33735 7293 9462 037
1st quarter 20171 118 04442 9814 16816 62819 2789 234239 457121 082110 930355 997154 22137 9664 0662 037
2nd quarter 20171 153 81141 1254 27321 00418 6579 301253 482123 537112 641363 428155 57543 9194 8322 037
3rd quarter 20171 174 07443 4094 32925 53519 1068 963253 346125 816119 359376 123156 79033 8025 4592 037

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)
3rd quarter 2017
Equity fundsBond fundsMoney market fundsOther bond fundsHybrid fundsOther fundsAll types of funds
Sum all holding sectors610 822326 505105 99667 42553 5743 9821 168 304
Non-financial corporations29 30517 26118 9619 7306 56971282 538
Public unincorporated enterprises, owned by central government0000000
Public incorporated enterprises, owned by central government9561 6591 9261 911206 454
Public unincorporated enterprises, owned by local government188172000198
Public incorporated enterprises, owned by local government28246029727626..1 341
Private non-financial incorporated enterprises26 36714 11014 9627 0456 47771269 673
Private non-financial unincorporated enterprises3560191021..145
Private non-profit institutions serving enterprises1 6479641 58548843..4 727
Financial corporations375 096272 97660 15637 29311 3061 985758 812
Norges Bank0000000
Banks8 4168 51914 2392 8321 181035 187
Mortgage companies072000072
Finance companies2830..0085
State lending institutions etc.0265348000613
Financial holding companies42..1210..0163
Mutual funds100 53934 14314 0708 02216..156 790
Investment trusts and private equity funds1041314422373
Other financial enterprises, except insurance companies and pension funds31 2319 9566 8524 2274 79649957 561
Life insurance companies and pension funds229 017214 20623 27721 0775 3101 484494 371
Non-life insurance companies5 8395 6919351 1311..13 597
General government4 8704 2545 37894783..15 532
Central government85027204..334
Local government4 8624 2045 10694779..15 198
Non-profit institutions serving households15 97011 0856 1742 7928107536 906
Households109 2294 4457 84811 54233 1101 197167 371
Unincorporated enterprises within households180608..32
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.020..002
Employees, recipients of property income, pensions and social contributions, students etc.109 2114 4437 84211 54233 1021 197167 337
Rest of the world76 27816 4807 4505 0911 65412106 965
Unspecified sector7442930421180

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
3rd quarter 2017
All types of fundsEquity fundsBond fundsMoney market fundsOther bond fundsHybrid fundsOther funds
Sum all holding sectors16 3995 5789 849-61586129318
 
Non-financial corporations2 797251 420982690301
Public unincorporated enterprises, owned by central government0000000
Public incorporated enterprises, owned by central government789-97550411-7500
Public unincorporated enterprises, owned by local government-3000-30000
Public incorporated enterprises, owned by local government0-10-120..
Private non-financial incorporated enterprises1 8831248434581570301
Private non-financial unincorporated enterprises9-3193-9-1..
Private non-profit institutions serving enterprises14628141-61..
Financial corporations11 8646 3687 344-1 699-129176-197
Norges Bank0000000
Banks-562-92187-416-320-210
Mortgage companies0000000
Finance companies0000..00
State lending institutions etc.-1260-14-112000
Financial holding companies-79-21..-34-24..0
Mutual funds-1 199-1 31349-2943581..
Investment trusts and private equity funds500844-200
Other financial enterprises, except insurance companies and pension funds393-365-1420113113
Life insurance companies and pension funds11 1757 0165 275-520-640440
Non-life insurance companies2 2127811 774-353100..
General government50940-63521110..
Central government231-114246-80..
Local government27851-67275190..
Non-profit institutions serving households13840795-272-1221020
Households1 371671329-1453721450
Unincorporated enterprises within households000000..
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000..00
Employees, recipients of property income, pensions and social contributions, students etc.1 371671329-1453721450
Rest of the world-278-1 930724552383-201194
Unspecified sector-2-3002-10

About the statistics

The statistics 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

Contact