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/en/bank-og-finansmarked/statistikker/vpfondk/arkiv
85191
Lower equity capital
statistikk
2012-09-11T10:00:00.000Z
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, Q2 2012

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Lower equity capital

The total value of the Norwegian mutual fund shares went down to NOK 550.4 billion; NOK 11.8 lower than the previous quarter of 2012. Net purchase of fund shares was only NOK 3.0 billion during the second quarter of the year.

The total capital of mutual funds went down by 2.1 per cent, during the 2nd quarter of 2012. The main reason was the decline in the value of the equity funds by as much as NOK 17.6 billion compared to the previous quarter. The value of the money market funds was also diminished, but essentially due to net sales of these types of funds. On the other hand, the value of bond funds and other bond funds went up, due to the net purchases of such funds.

Stocks of mutual fund shares by type of mutual funds at 30 June 2012. Market value in NOK billion

Net purchases in bond funds

A net amount of NOK 3.0 billion worth of mutual funds was purchased in the 2nd quarter of 2012. Investors net bought NOK 6.5 billion bond funds and NOK 1.5 billion worth of other bond funds.

In contrast, NOK 4.7 billion worth of money market funds were sold. Investors sold a net amount of NOK 0.2 billion worth of equity funds and net bought hybrid funds to the value of NOK 0.3 billion.

Life insurance companies continue to invest in mutual funds

The largest owners in the Norwegian mutual funds market; life insurance companies, bought a net amount of NOK 4.9 billion worth of bond funds and NOK 1.7 billion of equity funds in the second quarter of the year.

Foreigners reduced their investments in funds

Foreign investors net sold a total of NOK 1.7 billion mutual funds in the 2nd quarter of 2012. Most of the sales were in equity funds, almost 2.1 NOK billion. They have net bought bond funds and other bond funds for NOK 0.3 billion and NOK 0.2 billion respectively.

Net purchases of shares in equity funds by purchasing sector. NOK billion.

Households sold mutual funds’ shares

The household sector net sold NOK 1.2 billion of mutual funds in the 2nd quarter of 2012. NOK 0.8 billion worth of equity funds and NOK 0.7 billion worth of money market funds were sold. Net purchase of other bond funds and hybrid bonds was a mere NOK 240 million.

Increase in life insurance companies’ owner share

Life insurance companies’ owner share went up to 37.1 per cent in the second quarter of the year. Households’ owner share was lower than the previous quarter by 17.9 per cent. Foreign investors’ owner share also decreased from 14.3 to 13.4 per cent.

Mutual funds shares capital and net purchases. Market value in NOK million
  Q1 2012     Q2 2012
Total    
Mutual funds shares capital  562 138        550 356
Net purchases 12 194 2 976
General government    
Mutual funds shares capital 13 382 13 655
Net purchases -219  353
Financial corporations    
Mutual funds shares capital  298 586  300 799
Net purchases 10 080 6 699
Non-financial corporations    
Mutual funds shares capital 45 975 43 963
Net purchases -244 -1 750
Households    
Mutual funds shares capital  103 734 98 340
Net purchases -1 844 -1 179
Non-profit organisations    
Mutual funds shares capital 19 820 19 562
Net purchases  958  464
Rest of the world    
Mutual funds shares capital 80 353 73 674
Net purchases 3 493 -1 684
Unspecified sector    
Mutual funds shares capital  288  363
Net purchases -30 73

Institutional sector classification 2012

The institutional sector classification has been revised. New four-digit sector codes have been introduced and the definitions of some sectors in the classification have been changed. The revised sector classification will be implemented in the Norwegian statistical system over the next two years.

The new sector classification was adopted in the mutual funds statistics at the beginning of 2012. One of the most significant changes is that the line between financial and non-financial sectors has been shifted such that the financial sectors increased in value. In addition to this, new financial sectors were added. Households and non-profit institutions will also be treated separately according to the new institutional sector classification.

Following the introduction of a new sector standard, the older series will not be updated. New tables have been introduced and these will include time series from the first quarter of 2012 onwards.

Changes in classification of funds

Statistics Norway has decided to introduce changes in the classification of the funds as of 1 January 2012. This decision is in line with the Norwegian Fund and Asset Management Association’s (VFF) standards that were introduced in 2010. According to this, a new group called ‘other bond funds’ was introduced and the money market funds were defined more precisely.

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