292192
/en/bank-og-finansmarked/statistikker/vpfondk/kvartal
292192
statistikk
2017-08-22T08:00:00.000Z
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

17 019

NOK million net purchases/sales in Q2 2017

Outstanding amounts and net purchases of mutual fund shares. Market value (NOK million)
3rd quarter 20164th quarter 20161st quarter 20172nd quarter 2017
All sectors
Outstanding amounts1 010 8261 046 3311 112 2741 148 041
Net purchases/sales14 812-17732 71617 019
General government
Outstanding amounts13 49713 80714 27814 938
Net purchases/sales-52-26215505
Financial corporations
Outstanding amounts655 427670 034712 093734 850
Net purchases/sales11 202-5 05926 52711 750
Non-financial corporations
Outstanding amounts65 49869 81279 25582 060
Net purchases/sales1 8931 5104 9461 814
Households
Outstanding amounts144 518153 659161 865166 429
Net purchases/sales1 1561 2151 9761 160
Non-profit institutions serving households
Outstanding amounts32 63632 99433 61036 983
Net purchases/sales592-505-1582 846
Rest of the world
Outstanding amounts99 148105 744111 015112 604
Net purchases/sales242 696-818-1 046
Unspecified sector
Outstanding amounts102281158177
Net purchases/sales-3-828-10

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
3rd quarter 20164th quarter 20161st quarter 20172nd quarter 2017
Total1 010 8261 046 3311 112 2741 148 041
Non-financial corporations65 49869 81279 25582 060
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government1 4821 5614 4595 606
Public unincorporated enterprises, owned by local government361323275227
Public incorporated enterprises, owned by local government1 2831 6451 6871 357
Private non-financial incorporated enterprises57 78361 74567 94070 042
Private non-financial unincorporated enterprises134147298280
Private non-profit institutions serving enterprises4 4554 3914 5964 548
Financial corporations655 427670 034712 093734 850
Norges Bank0000
Banks19 47316 97826 40335 426
Mortgage companies130606072
Finance companies123585
State lending institutions etc.124659783737
Financial holding companies221232236239
Mutual funds130 525140 337154 221155 575
Investment trusts and private equity funds172336277346
Other financial enterprises, except insurance companies and pension funds53 78357 89352 86355 179
Life insurance companies and pension funds442 570444 553466 334476 319
Non-life insurance companies8 4178 98310 91110 872
General government13 49713 80714 27814 938
Central government283242119102
Local government13 21413 56514 15914 836
Non-profit institutions serving households32 63632 99433 61036 983
Households144 518153 659161 865166 429
Unincorporated enterprises within households29293131
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.1132
Employees, recipients of property income, pensions and social contributions, students etc.144 488153 629161 831166 396
Rest of the world99 148105 744111 015112 604
Unspecified sector102281158177

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
3rd quarter 20164th quarter 20161st quarter 20172nd quarter 2017
Total14 812-17732 71617 019
Non-financial corporations1 8931 5104 9461 814
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government-109893531 136
Public unincorporated enterprises, owned by local government-49-40-45-50
Public incorporated enterprises, owned by local government2432029-341
Private non-financial incorporated enterprises1 9341 2964 3151 190
Private non-financial unincorporated enterprises29144-13
Private non-profit institutions serving enterprises91-164150-108
Financial corporations11 202-5 05926 52711 750
Norges Bank0000
Banks1 142-1 1272 1198 138
Mortgage companies100-70210
Finance companies-4-9280
State lending institutions etc.-57535128-52
Financial holding companies0531
Mutual funds2 9183 6389 869-1 077
Investment trusts and private equity funds4118-11268
Other financial enterprises, except insurance companies and pension funds1 1101 2271 6421 216
Life insurance companies and pension funds6 597-9 76111 7613 530
Non-life insurance companies-6083851 113-164
General government-52-26215505
Central government-2-46-124-43
Local government-5020339548
Non-profit institutions serving households592-505-1582 846
Households1 1561 2151 9761 160
Unincorporated enterprises within households1120
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0020
Employees, recipients of property income, pensions and social contributions, students etc.1 1551 2141 9721 160
Rest of the world242 696-818-1 046
Unspecified sector-3-828-10

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
3rd quarter 20161 015 73739 5694 43922 95023 93410 460238 465114 53794 087295 209130 52537 0353 1891 337
4th quarter 20161 051 24235 2914 57121 56120 00910 001231 563117 942105 861325 211140 33733 6113 9461 337
1st quarter 20171 117 18542 3724 16816 62819 2789 234239 457121 082110 930355 997154 22138 4144 0661 337
2nd quarter 20171 152 95240 5164 27321 00418 6579 301253 482123 537112 641363 428155 57544 3684 8321 337

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)
2nd quarter 2017
Equity fundsBond fundsMoney market fundsOther bond fundsHybrid fundsOther fundsAll types of funds
Sum all holding sectors595 148317 193106 52572 10452 6684 4031 148 041
Non-financial corporations28 88816 33418 40511 4156 43558382 060
Public unincorporated enterprises, owned by central government0000000
Public incorporated enterprises, owned by central government1 0151 1041 5111 974205 606
Public unincorporated enterprises, owned by local government188201000227
Public incorporated enterprises, owned by local government26746629730027..1 357
Private non-financial incorporated enterprises25 90813 70014 9418 5666 34458370 042
Private non-financial unincorporated enterprises58102178221..280
Private non-profit institutions serving enterprises1 6229541 43849341..4 548
Financial corporations357 898264 62362 08437 23410 9312 080734 850
Norges Bank0000000
Banks8 3218 54014 7532 6001 1446835 426
Mortgage companies072000072
Finance companies2830..0085
State lending institutions etc.0278459000737
Financial holding companies5926154....0239
Mutual funds99 82233 89114 3137 526167155 575
Investment trusts and private equity funds11422701922346
Other financial enterprises, except insurance companies and pension funds29 17610 0316 7634 0734 60852855 179
Life insurance companies and pension funds215 918207 58824 08922 0895 1601 475476 319
Non-life insurance companies4 5894 0721 2839271..10 872
General government4 6864 3044 8411 010831414 938
Central government18462684..102
Local government4 6684 2584 8151 002791414 836
Non-profit institutions serving households15 47911 4156 2153 0327865636 983
Households107 6894 6838 00212 09132 5551 409166 429
Unincorporated enterprises within households180508..31
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.020..002
Employees, recipients of property income, pensions and social contributions, students etc.107 6714 6817 99712 09132 5471 409166 396
Rest of the world80 47115 8176 9477 3021 831236112 604
Unspecified sector371731204725177

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
2nd quarter 2017
All types of fundsEquity fundsBond fundsMoney market fundsOther bond fundsHybrid fundsOther funds
Sum all holding sectors17 019-465 9838 5461 88860345
 
Non-financial corporations1 814-457003566616676
Public unincorporated enterprises, owned by central government0000000
Public incorporated enterprises, owned by central government1 136-3331855729400
Public unincorporated enterprises, owned by local government-5000-50000
Public incorporated enterprises, owned by local government-341-17-23-30210..
Private non-financial incorporated enterprises1 190-344062084706476
Private non-financial unincorporated enterprises-13-1002-72..
Private non-profit institutions serving enterprises-10849-1-59-970..
Financial corporations11 7506073 6486 1321 48356-177
Norges Bank0000000
Banks8 138981 7636 10237637-239
Mortgage companies100100000
Finance companies800800..00
State lending institutions etc.-5200-52000
Financial holding companies1100....0
Mutual funds-1 077-1 204414-534494-2470
Investment trusts and private equity funds6812437600
Other financial enterprises, except insurance companies and pension funds1 2166517634035022362
Life insurance companies and pension funds3 5301 5791 306315287430
Non-life insurance companies-16467-125-76-300..
General government505-184132474105-220
Central government-43-5-32-600..
Local government548-179164480105-220
Non-profit institutions serving households2 8461 5885171 379-634-40
Households1 160652254-21115500-49
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 160652254-21115500-49
Rest of the world-1 046-2 66373241625912198
Unspecified sector-10-100-1-5-3

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