365998
/en/bank-og-finansmarked/statistikker/vpfondk/kvartal
365998
statistikk
2019-02-22T08:00:00.000Z
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

-2.1

billions in net purchases/sales

Outstanding amounts and net purchases of mutual fund shares. Market value (NOK million)
1st quarter 20182nd quarter 20183rd quarter 20184th quarter 2018
All sectors
Outstanding amounts1 168 8461 204 1281 241 2501 164 873
Net purchases/sales27 389-5 6578 778-2 116
General government
Outstanding amounts17 19417 61417 05515 143
Net purchases/sales944240-98-93
Financial corporations
Outstanding amounts767 286790 074818 737786 355
Net purchases/sales19 860-1 0334 3973 897
Non-financial corporations
Outstanding amounts81 89482 80184 48372 540
Net purchases/sales4 207-1 2962 056-2 221
Households
Outstanding amounts160 237160 157164 204148 233
Net purchases/sales300-6 294689-338
Non-profit institutions serving households
Outstanding amounts34 82937 30037 88631 291
Net purchases/sales4031 4241 486-1 790
Rest of the world
Outstanding amounts107 117115 828118 547110 995
Net purchases/sales1 6321 227292-1 561
Unspecified sector
Outstanding amounts289354338316
Net purchases/sales4375-44-10

See selected tables from this statistics

Table 1 
Holdings of mutual fund shares, by holding sectors. NOK million

Holdings of mutual fund shares, by holding sectors. NOK million
1st quarter 20182nd quarter 20183rd quarter 20184th quarter 2018
Total1 168 8461 204 1281 241 2501 164 873
Non-financial corporations81 89482 80184 48372 540
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government7 9107 4527 3348 081
Public unincorporated enterprises, owned by local government113697068
Public incorporated enterprises, owned by local government2 1281 7611 7451 840
Private non-financial incorporated enterprises67 87769 56371 26159 212
Private non-financial unincorporated enterprises154149165156
Private non-profit institutions serving enterprises3 7123 8073 9083 183
Financial corporations767 286790 074818 737786 355
Norges Bank0000
Banks29 73830 88031 63428 724
Mortgage companies437108243123
Finance companies83858526
State lending institutions etc.744581582453
Financial holding companies165166168166
Mutual funds150 222152 964156 961151 414
Investment trusts and private equity funds427358329409
Other financial enterprises, except insurance companies and pension funds66 97670 74780 17894 472
Life insurance companies and pension funds503 612519 790533 597497 875
Non-life insurance companies14 88214 39514 96012 693
General government17 19417 61417 05515 143
Central government1 6231 6971 616581
Local government15 57115 91715 43914 562
Non-profit institutions serving households34 82937 30037 88631 291
Households160 237160 157164 204148 233
Unincorporated enterprises within households36373826
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.2223
Employees, recipients of property income, pensions and social contributions, students etc.160 199160 118164 164148 204
Rest of the world107 117115 828118 547110 995
Unspecified sector289354338316

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
1st quarter 20182nd quarter 20183rd quarter 20184th quarter 2018
Total27 389-5 6578 778-2 116
Non-financial corporations4 207-1 2962 056-2 221
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government1 506-510-122920
Public unincorporated enterprises, owned by local government2-4410
Public incorporated enterprises, owned by local government418-380-33238
Private non-financial incorporated enterprises2 126-3681 999-3 000
Private non-financial unincorporated enterprises24-520-3
Private non-profit institutions serving enterprises13111191-376
Financial corporations19 860-1 0334 3973 897
Norges Bank0000
Banks-5 866846173-1 308
Mortgage companies365-330135-120
Finance companies100-63
State lending institutions etc.185-1670-129
Financial holding companies0002
Mutual funds3 316-1 380-5676 828
Investment trusts and private equity funds-574-71-3283
Other financial enterprises, except insurance companies and pension funds1 1284942464 294
Life insurance companies and pension funds20 324-1234 199-4 685
Non-life insurance companies981-302243-1 005
General government944240-98-93
Central government3024387-228
Local government642197-185135
Non-profit institutions serving households4031 4241 486-1 790
Households300-6 294689-338
Unincorporated enterprises within households9-310
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000
Employees, recipients of property income, pensions and social contributions, students etc.291-6 291688-338
Rest of the world1 6321 227292-1 561
Unspecified sector4375-44-10

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
1st quarter 20181 174 90244 6455 34322 6878 04410 365260 395131 141118 600381 561150 22232 0485 3354 516
2nd quarter 20181 210 18443 9945 08819 9687 58810 305260 495135 095128 509396 254152 96439 9435 4664 516
3rd quarter 20181 247 30648 6784 72519 6127 74712 023266 023137 777136 615409 268156 96137 6115 7504 516
4th quarter 20181 170 92940 4285 41418 3177 55110 079263 574139 778119 453377 336151 41427 8665 2034 516

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)
4th quarter 2018
Equity fundsBond fundsMoney market fundsOther bond fundsHybrid fundsOther fundsAll types of funds
Sum all holding sectors613 861311 085109 39772 97754 2063 3471 164 873
Non-financial corporations23 51415 37117 2449 3335 8291 24972 540
Public unincorporated enterprises, owned by central government0000000
Public incorporated enterprises, owned by central government3701 8974 6571 154308 081
Public unincorporated enterprises, owned by local government1784300068
Public incorporated enterprises, owned by local government23330097730525..1 840
Private non-financial incorporated enterprises21 86912 59310 3557 4105 7361 24959 212
Private non-financial unincorporated enterprises295844124..156
Private non-profit institutions serving enterprises9965151 20842341..3 183
Financial corporations409 688257 78159 39244 84412 7451 904786 355
Norges Bank0000000
Banks9 5087 6167 8392 3081 452..28 724
Mortgage companies01230000123
Finance companies0025..1026
State lending institutions etc.5292156000453
Financial holding companies43..123....0166
Mutual funds106 00626 4089 4979 503....151 414
Investment trusts and private equity funds4119339424409
Other financial enterprises, except insurance companies and pension funds47 67119 10513 2577 8426 05554294 472
Life insurance companies and pension funds241 403198 78727 22823 8655 2341 358497 875
Non-life insurance companies5 0115 4319281 3221..12 693
General government4 2243 6715 8331 37837..15 143
Central government21736119110..581
Local government4 2223 6545 4721 18727..14 562
Non-profit institutions serving households13 3528 9975 2742 8897027731 291
Households94 6636 1237 1797 03033 136103148 233
Unincorporated enterprises within households707012..26
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.021..003
Employees, recipients of property income, pensions and social contributions, students etc.94 6566 1217 1717 03033 124103148 204
Rest of the world68 38919 08314 4437 4891 57714110 995
Unspecified sector31593214180..316

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
4th quarter 2018
All types of fundsEquity fundsBond fundsMoney market fundsOther bond fundsHybrid fundsOther funds
Sum all holding sectors-2 1166 514-8 416762-421-65196
 
Non-financial corporations-2 22123-1 031-413-549-34796
Public unincorporated enterprises, owned by central government0000000
Public incorporated enterprises, owned by central government920-123221 189-16800
Public unincorporated enterprises, owned by local government0000000
Public incorporated enterprises, owned by local government2381-9248-1-1..
Private non-financial incorporated enterprises-3 000140-981-1 537-365-35396
Private non-financial unincorporated enterprises-3012-126..
Private non-profit institutions serving enterprises-3765-64-315-31..
Financial corporations3 8979 093-5 674321180-240
Norges Bank0000000
Banks-1 30865-125-1 021-187-40..
Mortgage companies-1200-1200000
Finance companies-63-3-8424..00
State lending institutions etc.-1295-68-66000
Financial holding companies20..2....0
Mutual funds6 8287 849-1 158171-34....
Investment trusts and private equity funds830085-200
Other financial enterprises, except insurance companies and pension funds4 294-4373 0411 166460630
Life insurance companies and pension funds-4 6852 298-6 961131-106-470
Non-life insurance companies-1 005-684-199-171490..
General government-93106-4841671162..
Central government-2280-245-8250..
Local government135106-239175912..
Non-profit institutions serving households-1 790-105-912-79244-24-1
Households-338-491570-44-262-1111
Unincorporated enterprises within households000000..
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000..00
Employees, recipients of property income, pensions and social contributions, students etc.-338-491570-44-262-1111
Rest of the world-1 561-2 112-8731 52152-1490
Unspecified sector-100-122-22..

About the statistics

The statistic Mutual funds, quarterly figures 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