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168156
Net sales of mutual funds
statistikk
2015-02-26T10:00:00.000Z
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
false
The statistics provide an overview of Norwegian-registered mutual funds, with a focus on share capital, owner sector, transactions and the mutual funds’ assets.

Mutual funds, quarterly figures, Q4 2014

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Net sales of mutual funds

Data for the 4th quarter of 2014 show net sales of mutual fund shares worth NOK 35 billion, following three consecutive quarters of net accumulations. Despite the net sales, the share capital of mutual funds registered in Norway increased by NOK 6.5 billion, reaching a total value of NOK 904 billion at the end of the 4th quarter of 2014.

Mutual funds shares capital and net purchases. Market value (NOK million)Published 26 February 2015
1st quarter 20142nd quarter 20143rd quarter 20144th quarter 2014
All sectors
Mutual funds shares capital823 876879 748897 691904 172
Net purchases/sales98 14018 63520 147-35 083
General government
Mutual funds shares capital13 28513 67613 12912 694
Net purchases/sales-87-24-383-690
Financial corporations
Mutual funds shares capital502 463533 903551 955567 810
Net purchases/sales92 01812 21614 661-14 935
Non-financial corporations
Mutual funds shares capital64 39766 69965 68562 648
Net purchases/sales4 4161 027-717-4 338
Households
Mutual funds shares capital115 013123 572122 987121 572
Net purchases/sales-421957815-1 194
Non-profit institutions serving households
Mutual funds shares capital24 15526 51427 47428 234
Net purchases/sales1 0891 23185624
Rest of the world
Mutual funds shares capital104 378115 246116 315111 066
Net purchases/sales1 1203 2224 897-13 950
Unspecified sector
Mutual funds shares capital185138146148
Net purchases/sales56180

Source: Statistics Norway

The biggest net sales were for equity fund shares, other bond fund shares and bond fund shares, by NOK 23.1 billion, NOK 7.8 billion and NOK 5.4 billion respectively. On the other hand, there were net purchases of hybrid fund shares for NOK 1.8 billion.

Increased value of share capital for equity funds

Despite equity funds having the biggest net sales, this type of fund also had the largest increase in the share capital in the 4th quarter, with an increase of around NOK 14 billion. This corresponds to an increase of 3.2 per cent. Hybrid funds had the largest relative increase in share capital, with an increase of 10.0 per cent, or NOK 3.6 billion. Bond funds had only minor changes in share capital compared to the previous quarter.

The share capital in money market funds and other bond funds decreased by NOK 5.2 and NOK 8.7 billion respectively. This corresponds to a decrease of 5.7 and 12.1 per cent respectively.

Life insurance companies and foreign investors net sold

The biggest net sellers of funds were financial corporations and foreign investors, with net sales worth NOK 15 billion and NOK 14 billion respectively. Most of the net sales by financial corporations were undertaken by life insurance companies and pension funds, which together net sold fund shares worth NOK 13.1 billion in the 4th quarter. These sales were distributed between bond funds (NOK 5.3 billion), equity funds (NOK 3.9 billion) and money market funds (NOK 3.7 billion).

Equity fund shares made up NOK 15.3 billion of foreign investors’ net sales, while other bond fund shares made up NOK 1.5 billion. During the same period, foreign investors net bought bond funds worth NOK 2.1 billion.

Households net sold mutual fund shares worth around NOK 1.2 billion in the 4th quarter of 2014. This mainly consisted of net sales of other bond fund shares.