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168158
Historically high net purchases
statistikk
2014-05-30T10:00:00.000Z
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 Norwegian mutual funds, with a focus on share capital, owner sector, transactions and mutual fund assets.

Mutual funds, quarterly figures, Q1 2014

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Historically high net purchases

The total value of Norwegian mutual funds went up by more than NOK 98 billion, to a total of NOK 823.9 billion during the first quarter of the year. The steep increase of 13.5 per cent was due to record high net purchases of funds, mainly by life insurance companies.

Mutual funds shares capital and net purchases. Market value (NOK million)Published 30 May 2014
2nd quarter 20133rd quarter 20134th quarter 20131st quarter 2014
All sectors
Mutual funds shares capital666 860695 606725 848823 876
Net purchases/sales1 213-65-3 44098 140
General government
Mutual funds shares capital12 58512 69113 56313 285
Net purchases/sales-182-180506-87
Financial corporations
Mutual funds shares capital379 201395 114408 144502 517
Net purchases/sales9 776-1 777-10 19092 062
Non-financial corporations
Mutual funds shares capital51 34955 25559 77664 397
Net purchases/sales-5 6542 4603 5474 416
Households
Mutual funds shares capital108 478113 482116 077114 958
Net purchases/sales-885-665-115-465
Non-profit institutions serving households
Mutual funds shares capital20 92622 29223 18724 155
Net purchases/sales4096832141 089
Rest of the world
Mutual funds shares capital94 18496 612104 895104 378
Net purchases/sales-2 238-5812 6941 120
Unspecified sector
Mutual funds shares capital137160206186
Net purchases/sales-13-5-965

Source: Statistics Norway

The net sales of fund shares were NOK 98.1 billion during the first quarter of 2014. This is the highest recorded net purchase since the statistics started. The biggest owner sector; life insurance companies and pension funds, net purchased alone shares worth NOK 85 billion, mainly net buying bond funds that amounted to NOK 82 billion. This has also increased their owner share to 42.2 per cent; up from 35.9 per cent from the previous quarter.

The large net purchases in bond funds during the 1st quarter had an effect on the total capital of the mutual fund shares. The total capital of bond fund shares went up by NOK 143.4 billion to NOK 231 billion, which corresponds to a 61.1 per cent increase.

Moderate net purchases in other types of funds

Net purchases in other bond funds and hybrid funds were NOK 8.5 billion and NOK 1.1 billion respectively. Net purchases in other types of funds were under NOK 1 billion.

Households net sold four quarters in a row

The household sector net sold fund shares of NOK 0.5 billion in the first quarter of 2014, continuing the trend of the three preceding quarters. The sector sold shares of equity funds and money-market funds for NOK 1.6 billion and NOK 0.2 billion respectively.

The owner share of the household sector was 14 per cent in the first quarter of 2014. This is lower compared to the previous quarter, when the owner share was 16 per cent.

Foreign investors net bought fund shares

Foreign investors net sold mutual fund shares of NOK 1.1 billion in the first quarter this year. The owner share of the sector ‘rest of the world’ fell from 14.5 per cent to 12.7 per cent from the 4th quarter of 2013 to the 1st quarter of 2014.