Statistikk innhold
Statistics on
Mutual funds
The statistics cover mutual funds managed by Norwegian fund managers. The annual accounting statistics present information on annual balance sheet and profit and loss accounts of the mutual funds. The quarterly statistics contain information about share capital and net purchases of mutual fund shares by type of fund and holding sector.
Selected figures from these statistics
- Mutual funds. NOK millionDownload table as ...Mutual funds. NOK million
Market value 3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd quarter 2025 All sectors Outstanding amounts 2 146 862 2 120 023 2 093 930 2 227 419 Net purchases/sales -57 195 -72 509 45 867 29 649 Financial corporations Outstanding amounts 1 213 702 1 162 851 1 169 799 1 234 893 Net purchases/sales -40 036 -71 193 51 715 23 578 Households Outstanding amounts 512 674 550 570 572 633 620 564 Net purchases/sales -8 767 16 134 -11 568 5 068 Explanation of symbolsDownload table as ... - Holdings of mutual fund shares by holding sectors. Quarterly figures in NOK million.Download table as ...Holdings of mutual fund shares by holding sectors. Quarterly figures in NOK million.
3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd quarter 2025 Total 2 146 862 2 120 023 2 093 930 2 227 419 Non-financial corporations 147 572 150 840 110 795 113 542 Public unincorporated enterprises, owned by central government 0 0 0 0 Public incorporated enterprises, owned by central government 7 695 9 971 7 492 8 113 Public unincorporated enterprises, owned by local government 0 0 220 293 Public incorporated enterprises, owned by local government 982 1 422 1 158 702 Private non-financial incorporated enterprises 131 269 131 635 94 570 96 836 Private non-financial unincorporated enterprises 199 207 154 153 Private non-profit institutions serving enterprises 7 427 7 605 7 201 7 445 Financial corporations 1 213 702 1 162 851 1 169 799 1 234 893 Norges Bank 0 0 0 0 Banks 40 779 28 472 38 714 34 333 Mortgage companies 243 2 260 2 238 2 259 Finance companies 94 95 19 20 State lending institutions etc. 30 28 27 429 Financial holding companies 4 092 3 759 6 770 4 798 Mutual funds 224 912 226 056 219 032 226 211 Alternative investment funds (AIF) excluding mutal funds 1 028 769 874 1 106 Other financial enterprises, except insurance companies and pension funds 81 373 66 108 55 090 59 812 Life insurance companies and pension funds 838 931 814 472 824 855 883 858 Non-life insurance companies 22 220 20 832 22 180 22 067 General government 19 985 19 775 18 382 19 586 Central government 1 176 1 234 1 235 1 281 Local government 18 809 18 541 17 147 18 305 Non-profit institutions serving households 33 725 34 699 32 480 33 854 Households 512 674 550 570 572 633 620 564 Unincorporated enterprises within households 38 38 14 11 Private non-financial unincorporated enterprises inclusive housing cooperatives etc. 1 1 1 1 Employees, recipients of property income, pensions and social contributions, students etc. 512 635 550 531 572 618 620 552 Rest of the world 157 570 139 815 130 597 138 666 Unspecified sector 61 634 61 473 59 244 66 314 Explanation of symbolsDownload table as ... - Net purchases of mutual fund shares by purchasing sectors. Quarterly figures in NOK million.Download table as ...Net purchases of mutual fund shares by purchasing sectors. Quarterly figures in NOK million.
Net purchases/sales 3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd quarter 2025 Total -57 195 -72 509 45 867 29 649 Non-financial corporations -4 636 1 052 136 -1 274 Public unincorporated enterprises, owned by central government 0 0 0 0 Public incorporated enterprises, owned by central government 1 157 2 312 -2 275 152 Public unincorporated enterprises, owned by local government 0 0 232 60 Public incorporated enterprises, owned by local government -95 460 -90 -482 Private non-financial incorporated enterprises -6 806 -1 875 2 385 -934 Private non-financial unincorporated enterprises 2 5 15 -6 Private non-profit institutions serving enterprises 1 106 150 -131 -64 Financial corporations -40 036 -71 193 51 715 23 578 Norges Bank 0 0 0 0 Banks -1 680 -8 942 894 826 Mortgage companies 0 2 004 56 -10 Finance companies 0 0 0 0 State lending institutions etc. 0 -1 1 400 Financial holding companies 85 -340 -462 -1 929 Mutual funds -4 724 -7 231 6 122 -1 595 Alternative investment funds (AIF) excluding mutal funds 49 -243 85 203 Other financial enterprises, except insurance companies and pension funds -9 636 -7 724 1 064 2 963 Life insurance companies and pension funds -21 458 -46 982 41 699 23 788 Non-life insurance companies -2 672 -1 734 2 256 -1 068 General government -984 -1 182 8 534 Central government -241 96 22 28 Local government -743 -1 278 -14 506 Non-profit institutions serving households -621 351 901 -59 Households -8 767 16 134 -11 568 5 068 Unincorporated enterprises within households -21 -1 4 -3 Private non-financial unincorporated enterprises inclusive housing cooperatives etc. 0 0 0 0 Employees, recipients of property income, pensions and social contributions, students etc. -8 746 16 135 -11 572 5 071 Rest of the world -3 301 -15 673 2 649 2 915 Unspecified sector 1 150 -1 998 2 026 -1 113 Explanation of symbolsDownload table as ... - Mutual funds' assets. Market value. Quarterly figures in NOK million.Download table as ...Mutual funds' assets. Market value. Quarterly figures in NOK million.
Holdings 3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd quarter 2025 Shares 1 253 649 1 278 648 1 217 316 1 331 857 Mutual fund shares 278 628 283 121 271 138 287 002 Equity certificates 11 658 12 165 13 213 14 688 Long-term debt securities 508 242 460 482 494 858 495 833 Short-term bonds securities 34 740 33 351 31 711 30 854 Other assets 14 071 10 363 10 363 10 363 Deposits 58 077 53 368 66 807 68 298 Sum all assets 2 159 065 2 131 498 2 105 406 2 238 895 Explanation of symbolsDownload table as ... - Outstanding amounts of mutual fund shares by holding sectors and type of funds. Last quarter in NOK million.Download table as ...Outstanding amounts of mutual fund shares by holding sectors and type of funds. Last quarter in NOK million.
2nd quarter 2025 All types of funds Equity funds Bond funds Liquidity funds Other bond funds Hybrid funds Other funds Sum all holding sectors 2 227 419 1 531 163 328 001 154 529 130 965 77 421 5 340 Non-financial corporations 113 542 50 809 8 898 27 786 22 599 1 599 1 851 Public unincorporated enterprises, owned by central government 0 0 0 0 0 0 0 Public incorporated enterprises, owned by central government 8 113 2 636 7 470 4 1 0 Public unincorporated enterprises, owned by local government 293 168 125 0 0 0 0 Public incorporated enterprises, owned by local government 702 122 74 381 118 7 0 Private non-financial incorporated enterprises 96 836 46 194 5 681 19 381 22 159 1 577 1 844 Private non-financial unincorporated enterprises 153 71 0 4 71 0 7 Private non-profit institutions serving enterprises 7 445 4 252 2 382 550 247 14 0 Financial corporations 1 234 893 843 159 264 447 57 126 61 436 5 858 2 868 Norges Bank 0 0 0 0 0 0 0 Banks 34 333 8 910 7 856 12 140 5 371 57 0 Mortgage companies 2 259 0 343 1 916 0 0 0 Finance companies 20 11 3 6 0 0 0 State lending institutions etc. 429 13 4 412 0 0 0 Financial holding companies 4 798 0 4 198 513 87 0 0 Mutual funds 226 211 168 956 34 659 4 309 18 287 0 0 Alternative investment funds (AIF) excluding mutal funds 1 106 185 0 518 386 17 0 Other financial enterprises, except insurance companies and pension funds 59 812 35 803 12 012 5 789 4 622 399 1 187 Life insurance companies and pension funds 883 858 618 316 197 408 29 780 31 288 5 385 1 681 Non-life insurance companies 22 067 10 965 7 964 1 743 1 395 0 0 General government 19 586 6 452 5 452 5 987 1 674 17 4 Central government 1 281 5 0 1 155 121 0 0 Local government 18 305 6 447 5 452 4 832 1 553 17 4 Non-profit institutions serving households 33 854 15 884 8 662 4 405 4 082 390 431 Households 620 564 460 756 22 954 31 126 38 111 67 437 179 Unincorporated enterprises within households 11 4 0 1 6 0 0 Private non-financial unincorporated enterprises inclusive housing cooperatives etc. 1 0 1 0 0 0 0 Employees, recipients of property income, pensions and social contributions, students etc. 620 552 460 752 22 953 31 125 38 105 67 437 179 Rest of the world 138 666 126 172 2 614 3 153 6 449 271 7 Unspecified sector 66 314 27 931 14 974 24 946 -3 386 1 849 0 Explanation of symbolsDownload table as ... - Net purchases of mutual fund shares by holding sectors and type of funds. Last quarter in NOK million.Download table as ...Net purchases of mutual fund shares by holding sectors and type of funds. Last quarter in NOK million.
2nd quarter 2025 All types of funds Equity funds Bond funds Liquidity funds Other bond funds Hybrid funds Other funds Sum all holding sectors 29 649 33 928 -3 548 1 900 -1 963 -682 14 Non-financial corporations -1 274 -209 -118 -418 -521 -19 11 Public unincorporated enterprises, owned by central government 0 0 0 0 0 0 0 Public incorporated enterprises, owned by central government 152 0 0 152 0 0 0 Public unincorporated enterprises, owned by local government 60 31 29 0 0 0 0 Public incorporated enterprises, owned by local government -482 2 0 -416 -68 0 0 Private non-financial incorporated enterprises -934 -268 -195 -23 -443 -18 13 Private non-financial unincorporated enterprises -6 2 0 0 -6 0 -2 Private non-profit institutions serving enterprises -64 24 48 -131 -4 -1 0 Financial corporations 23 578 23 034 -3 196 4 026 -240 -41 -5 Norges Bank 0 0 0 0 0 0 0 Banks 826 137 -487 1 772 -597 1 0 Mortgage companies -10 0 90 -100 0 0 0 Finance companies 0 0 0 0 0 0 0 State lending institutions etc. 400 0 0 400 0 0 0 Financial holding companies -1 929 0 -1 929 0 0 0 0 Mutual funds -1 595 -1 014 -593 60 -48 0 0 Alternative investment funds (AIF) excluding mutal funds 203 0 -77 88 182 10 0 Other financial enterprises, except insurance companies and pension funds 2 963 2 679 -23 311 1 0 -5 Life insurance companies and pension funds 23 788 21 256 777 1 866 -59 -52 0 Non-life insurance companies -1 068 -24 -954 -371 281 0 0 General government 534 110 -3 497 -71 1 0 Central government 28 0 0 28 0 0 0 Local government 506 110 -3 469 -71 1 0 Non-profit institutions serving households -59 152 45 -163 -92 -1 0 Households 5 068 5 192 -459 1 958 -1 045 -583 5 Unincorporated enterprises within households -3 -1 0 0 -2 0 0 Private non-financial unincorporated enterprises inclusive housing cooperatives etc. 0 0 0 0 0 0 0 Employees, recipients of property income, pensions and social contributions, students etc. 5 071 5 193 -459 1 958 -1 043 -583 5 Rest of the world 2 915 2 583 504 -495 310 10 3 Unspecified sector -1 113 3 066 -321 -3 505 -304 -49 0 Explanation of symbolsDownload table as ... - Mutual funds` balance sheet. Annual figures in NOK million.Download table as ...Mutual funds` balance sheet. Annual figures in NOK million.
2021 2022 2023 2024 ASSETS Equities 909 573 840 773 1 043 751 1 282 641 Mutual fund shares 236 749 177 431 222 878 258 094 Equity certifikates 11 588 10 006 11 298 12 165 Long-term debt securities 538 599 502 704 547 755 481 223 Short-term debt securities 21 994 21 284 28 727 33 385 Other assets 8 780 10 163 25 111 10 363 Bank deposits in total 53 096 43 886 49 249 53 368 Deposits in domestic banks 41 721 34 750 33 465 40 189 Deposits in foreign banks 11 375 9 136 15 784 13 179 TOTAL ASSETS 1 780 379 1 606 246 1 928 771 2 131 240 LIABILITIES AND EQUITY CAPITAL Total paid-in equity capital 1 071 665 1 058 620 1 128 825 1 107 425 Mutual fund shares at par value 945 207 984 513 1 220 463 1 201 570 Premium/discount 126 458 74 108 -91 637 -94 145 Retained earnings 697 367 538 844 785 576 1 012 342 Debt 11 347 8 782 14 369 11 473 Tax payable -80 -86 -269 141 Allocated to the mutual fund shares’ holders 370 33 37 -22 Other debt 11 057 8 834 14 601 11 353 TOTAL LIABILITIES AND EQUITY CAPITAL 1 780 379 1 606 246 1 928 771 2 131 240 Number of mutual funds 404 398 400 374 Explanation of symbolsDownload table as ... - Mutual funds` profit and loss accounts. Annual figures in NOK million.Download table as ...Mutual funds` profit and loss accounts. Annual figures in NOK million.
2021 2022 2023 2024 Portfolio income and expenses Interest 13 176 16 524 25 522 28 325 Dividend 19 564 24 578 31 222 36 871 Net realized gains on securities 94 171 27 418 46 155 108 763 Net changes in unrealized gains/losses on securities 86 792 -181 280 153 664 144 728 Other investment portfolio income and expenses 5 421 -4 845 671 3 545 NET INVESTMENT PORTFOLIO INCOME 219 124 -117 605 257 234 322 232 Management revenue and costs Commision from sale and redemption of mutual fund shares 31 29 18 17 Other income and expenses -51 -118 -15 -260 Management charges -8 576 -7 862 -7 500 -7 515 NET MANAGEMENT INCOME -8 596 -7 951 -7 497 -7 758 NET INCOME BEFORE TAX 210 528 -125 555 249 737 314 474 Tax costs -1 690 -1 987 -2 585 -3 139 NET INCOME 208 838 -127 542 247 152 311 335 Allocation of Net Income Allocated for distribution to mutual fund shares' holders 16 381 4 838 8 883 15 563 Net distributed to mutual fund shares' holders during the year 9 089 3 084 6 219 9 024 Transfer to/from retained earnings 183 368 -135 464 232 050 286 748 TOTAL ALLOCATIONS AND EQUITY TRANSFERS 208 838 -127 542 247 152 311 335 Explanation of symbolsDownload table as ... - Mutual funds` sum of assets by type of funds. Accounting figures. Annual figures in NOK million.Download table as ...Mutual funds` sum of assets by type of funds. Accounting figures. Annual figures in NOK million.
2021 2022 2023 2024 TOTAL ASSETS 1 780 379 1 606 246 1 928 771 2 131 240 Equity funds 1 080 845 956 243 1 201 723 1 470 110 Bond funds 357 410 320 705 344 284 299 879 Liquidity funds 134 643 132 931 161 660 147 634 Other bond funds 119 039 119 569 134 570 131 177 Hybrid funds 80 558 72 433 81 742 77 962 Other funds 7 886 4 367 4 792 4 480 Explanation of symbolsDownload table as ... - Mutual funds` net income by type of funds. Annual figures in NOK million.Download table as ...Mutual funds` net income by type of funds. Annual figures in NOK million.
2021 2022 2023 2024 NET INCOME 208 838 -127 542 247 152 311 335 Equity funds 196 138 -103 968 201 511 271 712 Bond funds -528 -19 444 18 475 11 818 Liquidity funds 860 1 877 7 268 7 379 Other bond funds 4 223 -1 057 9 629 10 511 Hybrid funds 7 262 -5 154 9 623 9 218 Other funds 882 204 647 697 Explanation of symbolsDownload table as ... - Mutual funds` profit and loss accounts by equity funds and all other funds. Last year in NOK million.Download table as ...Mutual funds` profit and loss accounts by equity funds and all other funds. Last year in NOK million.
2024 Equity funds All other funds Portfolio income and expenses Interest 970 27 355 Dividend 35 471 1 400 Net realized gains on securities 101 805 6 958 Net changes in unrealized gains/losses on securities 138 852 5 876 Other investment portfolio income and expenses 3 798 -253 NET INVESTMENT PORTFOLIO INCOME 280 896 41 336 Management revenue and costs Commision from sale and redemption of mutual fund shares 13 4 Other income and expenses -55 -205 Management charges -6 280 -1 235 NET MANAGEMENT INCOME -6 322 -1 436 NET INCOME BEFORE TAX 274 574 39 900 Tax costs -2 862 -277 NET INCOME 271 712 39 623 Allocation of Net Income Allocated for distribution to mutual fund shares' holders 4 15 559 Net distributed to mutual fund shares' holders during the year 31 8 993 Transfer to/from retained earnings 271 677 15 071 TOTAL ALLOCATIONS AND EQUITY TRANSFERS 271 712 39 623 Explanation of symbolsDownload table as ...
About the statistics
The information under «About the statistics» was last updated 3 January 2022.
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.
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.
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.
Valuation
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 observed transaction rates or annual tax assessment rates are used.
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.
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 (System of National Accounts) /ESA2010 (European System of Accounts) and NACE Rev.2 (European Classification of Economic Activities) from the 4th quarter of 2006.
Name: Mutual funds
Topic: Banking and financial markets
Division for Financial Markets Statistics
Only at the national level
The accounting statistics is published annually in September the following year.
The statistics about share capital and net purchases is published quarterly, normally 8-9 weeks after the end of the reference period.
OECD and BIS
Time series are stored in a database solution.
The annual accounting statistics:
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.
The statistics about share capital and net purchases:
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.
In addition to Statistics Norway, important users are public authorities, research institutes and participants in the securities markets.
No external users have access to the statistics before they are published and accessible simultaneously for all users on ssb.no. Prior to this, a minimum of three months' advance notice is given in the Statistics Release Calendar.
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.
The Statistics Act § 10
Not relevant
The population is all mutual funds licensed by the Banking, Insurance and Securities Commission.
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.
- Central posts from mutual funds’ annual balance sheet and profit and loss accounts.
The annual accounting statistics:
Statistics Norway collects accounting data from all mutual funds registered in Norway.
The statistics about share capital and net purchases:
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.
The annual accounting statistics:
For mutual funds, 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.
Statistics Norway control and revise the accounting data against published annual accounts and other consecutive sources.
The statistics about share capital and net purchases:
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.
Statistics Norway’s standard confidentiality rules apply.
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.
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:
2021: Statistics Norway does not longer publish market value of unlisted shares registered in VPS. This means that these unlisted shares are not included in the balance sheet in the quarterly statistics.
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.
The annual accounting statistics:
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 or incompletely filled out reports from respondents.
The statistics about share capital and net purchases:
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.
In cases where an owner of share capital is registered on a nominee account of a financial enterprise, others than the genuine owners will be registered in the share holder register. This can to some extent cause the application of sectors to owners of holdings and transactions to be imperfect.
Data may be revised in future publications.