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 2nd quarter 2025 3rd quarter 2025 4th quarter 2025 1st quarter 2026 All sectors Outstanding amounts 2 227 419 2 287 509 2 397 433 2 381 017 Net purchases/sales 29 649 -12 875 42 004 64 718 Financial corporations Outstanding amounts 1 234 893 1 241 003 1 288 526 1 281 823 Net purchases/sales 23 578 -13 920 14 397 32 856 Households Outstanding amounts 620 564 652 319 698 557 686 442 Net purchases/sales 5 068 1 253 20 469 18 327 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.
2nd quarter 2025 3rd quarter 2025 4th quarter 2025 1st quarter 2026 Total 2 227 419 2 287 509 2 397 433 2 381 017 Non-financial corporations 113 542 116 104 121 846 125 625 Public unincorporated enterprises, owned by central government 0 0 0 0 Public incorporated enterprises, owned by central government 8 113 7 578 9 847 8 235 Public unincorporated enterprises, owned by local government 293 359 399 382 Public incorporated enterprises, owned by local government 702 826 1 000 1 278 Private non-financial incorporated enterprises 96 836 99 705 102 516 107 107 Private non-financial unincorporated enterprises 153 125 124 122 Private non-profit institutions serving enterprises 7 445 7 511 7 960 8 501 Financial corporations 1 234 893 1 241 003 1 288 526 1 281 823 Norges Bank 0 0 0 0 Banks 34 333 17 438 17 370 18 413 Mortgage companies 2 259 499 311 243 Finance companies 20 21 21 21 State lending institutions etc. 429 435 451 444 Financial holding companies 4 798 4 494 4 279 6 611 Mutual funds 226 211 236 385 243 372 249 938 Alternative investment funds (AIF) excluding mutal funds 1 106 1 122 830 1 008 Other financial enterprises, except insurance companies and pension funds 59 812 44 581 47 260 45 863 Life insurance companies and pension funds 883 858 914 352 950 598 934 348 Non-life insurance companies 22 067 21 676 24 034 24 934 General government 19 586 19 001 18 895 19 231 Central government 1 281 1 284 1 058 1 106 Local government 18 305 17 717 17 837 18 125 Non-profit institutions serving households 33 854 33 251 33 980 33 820 Households 620 564 652 319 698 557 686 442 Unincorporated enterprises within households 11 6 7 6 Private non-financial unincorporated enterprises inclusive housing cooperatives etc. 1 0 0 4 Employees, recipients of property income, pensions and social contributions, students etc. 620 552 652 313 698 550 686 432 Rest of the world 138 666 132 570 141 758 131 365 Unspecified sector 66 314 93 261 93 871 102 711 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 2nd quarter 2025 3rd quarter 2025 4th quarter 2025 1st quarter 2026 Total 29 649 -12 875 42 004 64 718 Non-financial corporations -1 274 -1 639 5 348 6 912 Public unincorporated enterprises, owned by central government 0 0 0 0 Public incorporated enterprises, owned by central government 152 -603 2 286 -1 340 Public unincorporated enterprises, owned by local government 60 55 27 -6 Public incorporated enterprises, owned by local government -482 174 -5 282 Private non-financial incorporated enterprises -934 -1 117 2 711 7 578 Private non-financial unincorporated enterprises -6 -33 -3 3 Private non-profit institutions serving enterprises -64 -115 332 395 Financial corporations 23 578 -13 920 14 397 32 856 Norges Bank 0 0 0 0 Banks 826 -6 508 1 206 1 707 Mortgage companies -10 -1 779 -193 -59 Finance companies 0 0 0 0 State lending institutions etc. 400 0 10 11 Financial holding companies -1 929 -358 -237 -1 586 Mutual funds -1 595 922 4 040 14 393 Alternative investment funds (AIF) excluding mutal funds 203 -2 -292 147 Other financial enterprises, except insurance companies and pension funds 2 963 -9 680 244 518 Life insurance companies and pension funds 23 788 3 149 8 991 15 966 Non-life insurance companies -1 068 336 628 1 759 General government 534 -699 272 775 Central government 28 -11 -242 89 Local government 506 -688 514 686 Non-profit institutions serving households -59 -642 -152 875 Households 5 068 1 253 20 469 18 327 Unincorporated enterprises within households -3 -5 0 0 Private non-financial unincorporated enterprises inclusive housing cooperatives etc. 0 0 0 0 Employees, recipients of property income, pensions and social contributions, students etc. 5 071 1 258 20 469 18 327 Rest of the world 2 915 4 582 3 173 -1 353 Unspecified sector -1 113 -1 810 -1 503 6 326 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 2nd quarter 2025 3rd quarter 2025 4th quarter 2025 1st quarter 2026 Shares 1 331 857 1 415 368 1 507 982 1 481 714 Mutual fund shares 287 002 294 351 309 926 308 826 Equity certificates 14 688 15 033 15 982 15 900 Long-term debt securities 495 833 463 786 469 643 480 900 Short-term bonds securities 30 854 28 417 29 731 27 024 Other assets 10 363 10 363 10 363 10 363 Deposits 68 298 71 666 65 282 67 766 Sum all assets 2 238 895 2 298 984 2 408 909 2 392 493 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.
1st quarter 2026 All types of funds Equity funds Bond funds Liquidity funds Other bond funds Hybrid funds Other funds Sum all holding sectors 2 381 017 1 688 588 328 434 141 935 134 184 82 432 5 444 Non-financial corporations 125 625 61 552 8 712 27 500 24 377 1 659 1 825 Public unincorporated enterprises, owned by central government 0 0 0 0 0 0 0 Public incorporated enterprises, owned by central government 8 235 13 336 7 884 1 1 0 Public unincorporated enterprises, owned by local government 382 176 196 10 0 0 0 Public incorporated enterprises, owned by local government 1 278 139 14 1 010 115 0 0 Private non-financial incorporated enterprises 107 107 56 321 5 561 17 872 23 896 1 639 1 818 Private non-financial unincorporated enterprises 122 55 2 4 48 6 7 Private non-profit institutions serving enterprises 8 501 4 848 2 603 720 317 13 0 Financial corporations 1 281 823 891 440 271 035 51 034 59 285 6 143 2 886 Norges Bank 0 0 0 0 0 0 0 Banks 18 413 2 376 5 419 9 644 945 28 0 Mortgage companies 243 0 242 1 0 0 0 Finance companies 21 12 3 6 0 0 0 State lending institutions etc. 444 14 4 426 0 0 0 Financial holding companies 6 611 0 5 989 531 91 0 0 Mutual funds 249 938 187 641 37 093 3 927 21 277 0 0 Alternative investment funds (AIF) excluding mutal funds 1 008 231 0 732 27 18 0 Other financial enterprises, except insurance companies and pension funds 45 863 29 383 7 340 1 961 5 670 382 1 127 Life insurance companies and pension funds 934 348 661 532 205 370 30 116 29 857 5 715 1 759 Non-life insurance companies 24 934 10 251 9 575 3 690 1 418 0 0 General government 19 231 6 863 5 538 5 446 1 377 3 4 Central government 1 106 6 150 863 87 0 0 Local government 18 125 6 857 5 388 4 583 1 290 3 4 Non-profit institutions serving households 33 820 16 719 8 206 3 765 4 219 422 489 Households 686 442 524 726 15 846 27 105 46 415 72 118 233 Unincorporated enterprises within households 6 4 0 1 1 0 0 Private non-financial unincorporated enterprises inclusive housing cooperatives etc. 4 0 1 0 1 2 0 Employees, recipients of property income, pensions and social contributions, students etc. 686 432 524 722 15 845 27 104 46 413 72 116 233 Rest of the world 131 365 124 242 2 885 3 080 952 199 7 Unspecified sector 102 711 63 046 16 212 24 005 -2 441 1 888 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.
1st quarter 2026 All types of funds Equity funds Bond funds Liquidity funds Other bond funds Hybrid funds Other funds Sum all holding sectors 64 718 28 683 15 476 9 987 10 246 688 -362 Non-financial corporations 6 912 4 609 410 654 1 226 212 -199 Public unincorporated enterprises, owned by central government 0 0 0 0 0 0 0 Public incorporated enterprises, owned by central government -1 340 10 15 -1 365 0 0 0 Public unincorporated enterprises, owned by local government -6 0 -6 0 0 0 0 Public incorporated enterprises, owned by local government 282 5 1 264 12 0 0 Private non-financial incorporated enterprises 7 578 4 699 90 1 629 1 153 206 -199 Private non-financial unincorporated enterprises 3 -3 2 2 -4 6 0 Private non-profit institutions serving enterprises 395 -102 308 124 65 0 0 Financial corporations 32 856 13 517 12 005 4 104 3 461 -74 -156 Norges Bank 0 0 0 0 0 0 0 Banks 1 707 374 29 1 121 183 1 0 Mortgage companies -59 0 -59 0 0 0 0 Finance companies 0 0 0 0 0 0 0 State lending institutions etc. 11 0 0 11 0 0 0 Financial holding companies -1 586 0 -1 586 0 0 0 0 Mutual funds 14 393 9 942 2 650 -232 2 033 0 0 Alternative investment funds (AIF) excluding mutal funds 147 0 0 221 -74 0 0 Other financial enterprises, except insurance companies and pension funds 518 -319 706 -88 418 -43 -156 Life insurance companies and pension funds 15 966 4 048 9 486 1 442 1 022 -32 0 Non-life insurance companies 1 759 -528 779 1 629 -121 0 0 General government 775 44 393 258 80 0 0 Central government 89 0 55 34 0 0 0 Local government 686 44 338 224 80 0 0 Non-profit institutions serving households 875 10 408 116 339 12 -10 Households 18 327 8 819 904 2 710 5 323 567 3 Unincorporated enterprises within households 0 0 0 0 0 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. 18 327 8 819 904 2 710 5 323 567 3 Rest of the world -1 353 -2 605 614 473 155 10 0 Unspecified sector 6 326 4 289 742 1 672 -338 -39 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.
2022 2023 2024 2025 ASSETS Equities 840 773 1 043 751 1 282 641 1 517 996 Mutual fund shares 177 431 222 878 258 094 280 191 Equity certifikates 10 006 11 298 12 165 15 981 Long-term debt securities 502 704 547 755 481 223 496 854 Short-term debt securities 21 284 28 727 33 385 29 769 Other assets 10 163 25 111 10 363 12 378 Bank deposits in total 43 886 49 249 53 368 57 797 Deposits in domestic banks 34 750 33 465 40 189 44 744 Deposits in foreign banks 9 136 15 784 13 179 13 053 TOTAL ASSETS 1 606 246 1 928 771 2 131 240 2 410 966 LIABILITIES AND EQUITY CAPITAL Total paid-in equity capital 1 058 620 1 128 825 1 107 425 1 261 445 Mutual fund shares at par value 984 513 1 220 463 1 201 570 1 322 304 Premium/discount 74 108 -91 637 -94 145 -60 859 Retained earnings 538 844 785 576 1 012 342 1 138 974 Debt 8 782 14 369 11 473 10 547 Tax payable -86 -269 141 311 Allocated to the mutual fund shares’ holders 33 37 -22 13 Other debt 8 834 14 601 11 353 10 223 TOTAL LIABILITIES AND EQUITY CAPITAL 1 606 246 1 928 771 2 131 240 2 410 966 Number of mutual funds 398 400 374 357 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.
2022 2023 2024 2025 Portfolio income and expenses Interest 16 524 25 522 28 325 28 324 Dividend 24 578 31 222 36 871 36 669 Net realized gains on securities 27 418 46 155 108 763 114 880 Net changes in unrealized gains/losses on securities -181 280 153 664 144 728 41 394 Other investment portfolio income and expenses -4 845 671 3 545 7 874 NET INVESTMENT PORTFOLIO INCOME -117 605 257 234 322 232 229 141 Management revenue and costs Commision from sale and redemption of mutual fund shares 29 18 17 5 Other income and expenses -118 -15 -260 10 Management charges -7 862 -7 500 -7 515 -8 415 NET MANAGEMENT INCOME -7 951 -7 497 -7 758 -8 400 NET INCOME BEFORE TAX -125 555 249 737 314 474 220 740 Tax costs -1 987 -2 585 -3 139 -3 238 NET INCOME -127 542 247 152 311 335 217 502 Allocation of Net Income Allocated for distribution to mutual fund shares' holders 4 838 8 883 15 563 18 938 Net distributed to mutual fund shares' holders during the year 3 084 6 219 9 024 10 573 Transfer to/from retained earnings -135 464 232 050 286 748 187 991 TOTAL ALLOCATIONS AND EQUITY TRANSFERS -127 542 247 152 311 335 217 502 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.
2022 2023 2024 2025 TOTAL ASSETS 1 606 246 1 928 771 2 131 240 2 410 966 Equity funds 956 243 1 201 723 1 470 110 1 728 794 Bond funds 320 705 344 284 299 879 328 049 Liquidity funds 132 931 161 660 147 634 135 080 Other bond funds 119 569 134 570 131 177 131 323 Hybrid funds 72 433 81 742 77 962 81 815 Other funds 4 367 4 792 4 480 5 905 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.
2022 2023 2024 2025 NET INCOME -127 542 247 152 311 335 217 502 Equity funds -103 968 201 511 271 712 176 393 Bond funds -19 444 18 475 11 818 18 127 Liquidity funds 1 877 7 268 7 379 6 549 Other bond funds -1 057 9 629 10 511 8 903 Hybrid funds -5 154 9 623 9 218 6 449 Other funds 204 647 697 1 081 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.
2025 Equity funds All other funds Portfolio income and expenses Interest 1 030 27 294 Dividend 34 963 1 706 Net realized gains on securities 104 029 10 851 Net changes in unrealized gains/losses on securities 41 933 -539 Other investment portfolio income and expenses 4 668 3 206 NET INVESTMENT PORTFOLIO INCOME 186 623 42 518 Management revenue and costs Commision from sale and redemption of mutual fund shares 5 0 Other income and expenses 2 8 Management charges -7 286 -1 129 NET MANAGEMENT INCOME -7 279 -1 121 NET INCOME BEFORE TAX 179 345 41 395 Tax costs -2 952 -286 NET INCOME 176 393 41 109 Allocation of Net Income Allocated for distribution to mutual fund shares' holders 5 18 933 Net distributed to mutual fund shares' holders during the year 36 10 537 Transfer to/from retained earnings 176 352 11 639 TOTAL ALLOCATIONS AND EQUITY TRANSFERS 176 393 41 109 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.