329464
/en/bank-og-finansmarked/statistikker/vpfondk/kvartal
329464
statistikk
2018-05-24T08:00:00.000Z
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

27.3

NOK billion in net purchases/sales

Outstanding amounts and net purchases of mutual fund shares. Market value (NOK million)
2nd quarter 20173rd quarter 20174th quarter 20171st quarter 2018
All sectors
Outstanding amounts1 148 0411 168 3041 184 0871 168 845
Net purchases/sales17 01916 399-23 65927 319
General government
Outstanding amounts14 93815 53215 54517 194
Net purchases/sales505509-228944
Financial corporations
Outstanding amounts734 850758 812773 094768 435
Net purchases/sales11 75011 864-17 50019 933
Non-financial corporations
Outstanding amounts82 06082 53880 86781 894
Net purchases/sales1 8142 797-8614 132
Households
Outstanding amounts166 429167 371167 896159 089
Net purchases/sales1 1601 37121232
Non-profit institutions serving households
Outstanding amounts36 98336 90636 55334 828
Net purchases/sales2 846138-1 857403
Rest of the world
Outstanding amounts112 604106 965109 907107 116
Net purchases/sales-1 046-278-3 2531 632
Unspecified sector
Outstanding amounts177180225289
Net purchases/sales-10-21943

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
2nd quarter 20173rd quarter 20174th quarter 20171st quarter 2018
Total1 148 0411 168 3041 184 0871 168 845
Non-financial corporations82 06082 53880 86781 894
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government5 6066 4546 4247 910
Public unincorporated enterprises, owned by local government227198113113
Public incorporated enterprises, owned by local government1 3571 3411 7342 128
Private non-financial incorporated enterprises70 04269 67368 75267 877
Private non-financial unincorporated enterprises280145133154
Private non-profit institutions serving enterprises4 5484 7273 7113 712
Financial corporations734 850758 812773 094768 435
Norges Bank0000
Banks35 42635 18737 77630 887
Mortgage companies727272437
Finance companies85858383
State lending institutions etc.737613560744
Financial holding companies239163164165
Mutual funds155 575156 790153 359150 223
Investment trusts and private equity funds3463731 010427
Other financial enterprises, except insurance companies and pension funds55 17957 56167 45066 976
Life insurance companies and pension funds476 319494 371498 314503 611
Non-life insurance companies10 87213 59714 30614 882
General government14 93815 53215 54517 194
Central government1023342971 623
Local government14 83615 19815 24815 571
Non-profit institutions serving households36 98336 90636 55334 828
Households166 429167 371167 896159 089
Unincorporated enterprises within households31323336
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.2222
Employees, recipients of property income, pensions and social contributions, students etc.166 396167 337167 861159 051
Rest of the world112 604106 965109 907107 116
Unspecified sector177180225289

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
2nd quarter 20173rd quarter 20174th quarter 20171st quarter 2018
Total17 01916 399-23 65927 319
Non-financial corporations1 8142 797-8614 132
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government1 136789-541 506
Public unincorporated enterprises, owned by local government-50-30-852
Public incorporated enterprises, owned by local government-3410380418
Private non-financial incorporated enterprises1 1901 883-8592 051
Private non-financial unincorporated enterprises-139-1024
Private non-profit institutions serving enterprises-108146-233131
Financial corporations11 75011 864-17 50019 933
Norges Bank0000
Banks8 138-562339-5 795
Mortgage companies1000365
Finance companies800-31
State lending institutions etc.-52-126-50185
Financial holding companies1-7920
Mutual funds-1 077-1 199-10 0383 317
Investment trusts and private equity funds6850638-574
Other financial enterprises, except insurance companies and pension funds1 2163933 4751 128
Life insurance companies and pension funds3 53011 175-11 50220 325
Non-life insurance companies-1642 212-361981
General government505509-228944
Central government-43231-40302
Local government548278-188642
Non-profit institutions serving households2 846138-1 857403
Households1 1601 37121232
Unincorporated enterprises within households0049
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000
Employees, recipients of property income, pensions and social contributions, students etc.1 1601 37117223
Rest of the world-1 046-278-3 2531 632
Unspecified sector-10-21943

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
2nd quarter 20171 153 81141 1254 27321 00418 6579 301253 482123 537112 641363 428155 57543 9194 8322 037
3rd quarter 20171 174 07443 2464 32925 53519 1068 963253 346125 816119 359376 123156 79033 9665 4592 037
4th quarter 20171 189 85740 1953 22326 8266 9168 931256 551128 418120 050398 491153 35939 2235 6382 037
1st quarter 20181 174 61543 1753 62224 4088 2999 454261 315130 908118 600381 562150 22335 6775 3352 037

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)
1st quarter 2018
Equity fundsBond fundsMoney market fundsOther bond fundsHybrid fundsOther fundsAll types of funds
Sum all holding sectors612 067320 540104 05271 84155 9514 3941 168 845
Non-financial corporations26 99417 13519 55710 3366 7891 08381 894
Public unincorporated enterprises, owned by central government0000000
Public incorporated enterprises, owned by central government6572 0183 3361 897207 910
Public unincorporated enterprises, owned by local government12893000113
Public incorporated enterprises, owned by local government2913801 11131135..2 128
Private non-financial incorporated enterprises24 82013 92413 6667 6936 6911 08367 877
Private non-financial unincorporated enterprises3268151821..154
Private non-profit institutions serving enterprises1 1827371 33641740..3 712
Financial corporations393 209263 94554 32940 89212 9273 133768 435
Norges Bank0000000
Banks9 9198 2097 4752 3941 7421 14930 887
Mortgage companies04370000437
Finance companies2810..0083
State lending institutions etc.0474270000744
Financial holding companies43..122....0165
Mutual funds98 92431 57510 5659 13821..150 223
Investment trusts and private equity funds4239331924427
Other financial enterprises, except insurance companies and pension funds37 7669 7367 5425 6495 75952366 976
Life insurance companies and pension funds240 189207 47126 63122 4615 4021 457503 611
Non-life insurance companies6 3245 9231 3931 2411..14 882
General government5 0775 1885 7591 11159..17 194
Central government354817377750..1 623
Local government4 7234 3715 3821 03659..15 571
Non-profit institutions serving households14 77710 8685 6512 6937647534 828
Households101 9565 0547 37410 96633 64990159 089
Unincorporated enterprises within households1901007..36
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.020..002
Employees, recipients of property income, pensions and social contributions, students etc.101 9375 0527 36410 96633 64290159 051
Rest of the world69 99818 29411 3525 8101 64913107 116
Unspecified sector56563033114..289

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
1st quarter 2018
All types of fundsEquity fundsBond fundsMoney market fundsOther bond fundsHybrid fundsOther funds
Sum all holding sectors27 31910 42412 717-1 1994 496751130
 
Non-financial corporations4 132-5601 5092 07388618143
Public unincorporated enterprises, owned by central government0000000
Public incorporated enterprises, owned by central government1 506-1343671 412-13900
Public unincorporated enterprises, owned by local government2002000
Public incorporated enterprises, owned by local government418348346228..
Private non-financial incorporated enterprises2 051-4711 11021098617343
Private non-financial unincorporated enterprises24115080..
Private non-profit institutions serving enterprises13110910390..
Financial corporations19 93313 3078 431-5 0302 83431475
Norges Bank0000000
Banks-5 795383-1 004-4 849-49810270
Mortgage companies36503650000
Finance companies1010..00
State lending institutions etc.185012857000
Financial holding companies00..0....0
Mutual funds3 3173 165-930-591 1374..
Investment trusts and private equity funds-5740-1-576201
Other financial enterprises, except insurance companies and pension funds1 128459-625-121 1301714
Life insurance companies and pension funds20 3259 3049 99722965370
Non-life insurance companies981-4500387980..
General government94489529237104-15..
Central government3028299-10-4..
Local government64281230238104-11..
Non-profit institutions serving households403-555385460126-130
Households232-518395-4718320912
Unincorporated enterprises within households96040-1..
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000..00
Employees, recipients of property income, pensions and social contributions, students etc.223-524395-5118321012
Rest of the world1 632-1 3391 4421 107348740
Unspecified sector430261151..

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