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Mutual funds

Updated: September 17, 2021

Next update: September 16, 2022

Net income
Net income
2020
106 318
NOK million

Selected tables and figures from this statistics

Mutual funds. Balance sheet by financial instruments (NOK million)
Mutual funds. Balance sheet by financial instruments (NOK million)
2017201820192020
ASSETS
Equities519 620497 927627 111693 783
Mutual fund shares183 905177 043186 261200 092
Equity certifikates5 6414 7697 1577 535
Long-term debt securities395 034431 640471 486516 527
Short-term debt securities43 99423 64828 44927 898
Other assets4 5661 31711 19717 768
Bank deposits in total38 08835 91038 47741 203
Deposits in domestic banks30 19530 06729 00525 551
Deposits in foreign banks7 8935 8439 47115 651
TOTAL ASSETS1 190 8471 172 2241 370 1701 504 806
LIABILITIES AND EQUITY CAPITAL
Total paid-in equity capital882 310891 980925 266954 209
Mutual fund shares at par value705 804740 277786 571821 281
Premium/discount176 507151 704138 695132 928
Retained earnings302 482273 624436 500535 498
Debt6 0556 6208 40515 099
Tax payable322-97-151-109
Allocated to the mutual fund shares’ holders224275312186
Other debt5 5106 4428 24415 022
TOTAL LIABILITIES AND EQUITY CAPITAL1 190 8471 172 2241 370 1701 504 806
Number of mutual funds398387398402
Explanation of symbols
Mutual funds. Profit and loss accounts (NOK million)
Mutual funds. Profit and loss accounts (NOK million)
2017201820192020
Portfolio income and expenses
Interest12 29712 64714 21513 416
Dividend13 49814 97916 22714 347
Net realized gains on securities46 05235 99141 04448 629
Net changes in unrealized gains/losses on securities46 086-97 094130 73132 604
Other investment portfolio income and expenses5 455878-5 2505 503
NET INVESTMENT PORTFOLIO INCOME123 388-32 599196 967114 499
Management revenue and costs
Commision from sale and redemption of mutual fund shares79775053
Other income and expenses-35-4-158-88
Management charges-6 293-6 116-6 337-6 754
NET MANAGEMENT INCOME-6 249-6 043-6 445-6 789
NET INCOME BEFORE TAX117 140-38 642190 522107 711
Tax costs-1 103-1 132-1 175-1 393
NET INCOME116 036-39 775189 347106 318
Allocation of Net Income
Allocated for distribution to mutual fund shares' holders12 1773 1795 9646 408
Net distributed to mutual fund shares' holders during the year3 7578 0513 4924 956
Transfer to/from retained earnings100 102-51 004179 89094 954
TOTAL ALLOCATIONS AND EQUITY TRANSFERS116 036-39 774189 346106 318
Explanation of symbols
Mutual funds. Sum of assets by type of funds (NOK million)
Mutual funds. Sum of assets by type of funds (NOK million)
2017201820192020
TOTAL ASSETS1 190 8471 172 2241 370 1701 504 806
Equity funds633 479611 436759 179841 848
Bond funds316 449315 071338 642370 077
Money market funds107 899111 463109 285115 584
Other bond funds59 62062 95697 061106 415
Hybrid funds67 34765 74261 61765 845
Other funds6 0535 5584 3875 039
Explanation of symbols
Mutual funds. Net Income by type of funds (NOK million)
Mutual funds. Net Income by type of funds (NOK million)
2017201820192020
NET INCOME116 036-39 775189 347106 318
Equity funds95 510-39 277159 89482 460
Bond funds9 45340415 40616 001
Money market funds1 5381 2492 1851 432
Other bond funds3 4006784 5311 975
Hybrid funds5 665-2 7647 0934 050
Other funds471-63238401
Explanation of symbols
Mutual funds. Profit and loss accounts, by category of results and by type of funds (NOK million)
Mutual funds. Profit and loss accounts, by category of results and by type of funds (NOK million)
2020
Equity fundsOther funds
Portfolio income and expenses
Interest9613 320
Dividend14 083264
Net realized gains on securities45 1483 481
Net changes in unrealized gains/losses on securities21 92510 679
Other investment portfolio income and expenses7 606-2 103
NET INVESTMENT PORTFOLIO INCOME88 85825 641
Management revenue and costs
Commision from sale and redemption of mutual fund shares2726
Other income and expenses-72-16
Management charges-5 063-1 691
NET MANAGEMENT INCOME-5 108-1 681
NET INCOME BEFORE TAX83 75123 960
Tax costs-1 291-102
NET INCOME82 46023 858
Allocation of Net Income
Allocated for distribution to mutual fund shares' holders96 399
Net distributed to mutual fund shares' holders during the year04 956
Transfer to/from retained earnings82 45012 504
TOTAL ALLOCATIONS AND EQUITY TRANSFERS82 45923 859
Explanation of symbols

About the statistics

The statistics cover mutual funds managed by Norwegian fund managers and present information on annual balance sheet and profit and loss accounts of the mutual funds.

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.

Securities: Is often used as a generic term for paper traded on the stock exchange. Along with bearer bonds and shares, these also include certificates, primary capital certificates and unit trust participations.

The financial market statistics has defined into four types of funds: equity funds, bond funds, money market funds and combination funds.

Equity funds: AMS funds, non-restricted equity funds and international funds. Bond funds: government bond funds, ordinary/regular bond funds and international bond funds.

Money market fund: government money market funds, ordinary/regular money market funds and international money market funds.

Combination funds: government combination funds, ordinary/regular combination funds and international combination funds.

We have three types of classifications: instrument, sector and type:

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.

Name: Mutual funds

Topic: Banking and financial markets

September 16, 2022

Division for Financial Markets Statistics

Only at the national level

Annual

Not relevant

Publication-ready data are stored in a FAME and SAS database.

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.

Included in the financial market statistics and national accounts. Major users are professional organizations, Ministry of Finance and Customs, Norges Bank, the Banking, Insurance and Securities Commission and international organizations.

Not relevant

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 unit trusts licensed by the Banking, Insurance and Securities Commission.

Statistics Norway collects accounting data from all unit trust registered in Norway.

Total census: the statistics contain figures for all unit trusts in Norway.

For unit trusts, 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.

Not relevant

Not relevant

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.

5.1 Collection and processing errors 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 * Incompletely filled out reports from respondents

Not relevant The response rate is 100 per cent.

Not relevant

Not relevant





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