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/en/bank-og-finansmarked/statistikker/vpfondk/kvartal
285687
Increase in equity funds
statistikk
2017-02-22T08:00:00.000Z
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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An overview of the Norwegian mutual funds, with a focus on shares capital, owner sector, transactions and mutual funds’ assets.

Mutual funds, quarterly figures, Q4 2016

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Increase in equity funds

Total share capital of mutual funds registered in Norway increased by NOK 35.5 billion in the fourth quarter of 2016. The share capital of equity funds saw a particular increase, rising by NOK 45.6 billion.

Outstanding amounts and net purchases of mutual fund shares. Market value (NOK million)Published 22 February 2017
1st quarter 20162nd quarter 20163rd quarter 20164th quarter 2016
All sectors
Outstanding amounts959 517977 4851 010 8261 046 331
Net purchases/sales24 9369 11014 812-177
General government
Outstanding amounts12 75013 32213 49713 807
Net purchases/sales395549-52-26
Financial corporations
Outstanding amounts614 714633 714655 427670 034
Net purchases/sales26 15010 86211 202-5 059
Non-financial corporations
Outstanding amounts61 71662 84365 49869 812
Net purchases/sales2 2441 1311 8931 510
Households
Outstanding amounts139 457139 594144 518153 659
Net purchases/sales-150-2301 1561 215
Non-profit institutions serving households
Outstanding amounts31 55031 48532 63632 994
Net purchases/sales-1 139-238592-505
Rest of the world
Outstanding amounts99 20296 41199 148105 744
Net purchases/sales-2 538-2 961242 696
Unspecified sector
Outstanding amounts128116102281
Net purchases/sales-26-3-3-8

Source: Statistics Norway

During the 4th quarter of 2016, the total share capital of mutual funds registered in Norway increased by 3.5 per cent, and total outstanding amounts ended at NOK 1 046.3 billion. The increase in equity funds can largely be explained by a value increase in the shares during the period. Equity funds had the largest increase in share capital and rose by 9.4 per cent to NOK 531.3 billion. On the other hand, the share capital in bond funds went down by 3.9 per cent to NOK 305.4 billion. 

The biggest net purchasers of mutual fund shares during the period were foreign nationals, net buying NOK 2.7 billion worth of shares. This signifies a change of pace, after foreign nationals net redeemed NOK 44 billion worth of mutual fund shares over the past eight quarters. 

Net purchases of equity funds and net sales of bond funds

Although the total mutual fund share capital increased by 3.5 per cent during the period, the total net purchases summed up to approximately zero. The highest net purchases were made in equity funds, and amounted to NOK 8.2 billion. At the other end, net sales of bond funds amounted to NOK 9.2 billion. In both types of funds, financial enterprises largely accounted for the net purchases. Financial enterprises net purchased NOK 6 billion worth of equity funds and net redeemed bond funds with a total market value of NOK 12.1 billion. 

Increase in mutual funds’ holdings of shares

The value of the funds' holdings of shares and the mutual funds' holdings of other mutual fund shares rose by NOK 41.8 and NOK 6.4 billion respectively. At the end of the fourth quarter 2016, the equity portfolios represented 41 per cent of the funds' total assets. The funds' holdings of long-term and short-term debt securities fell by NOK 3.9 and NOK 5.2 billion respectively.