Mutual funds, 2000

Most of the increase of the total assets in 1999 was placed in equities, units and primary capital certificates, while the share of the total assets invested in certificates and bearer bonds grew in 2000. Certificates and bearer bonds rose by 34 and 26 per cent, respectively. Saving in equities, units and primary capital certificates went up by 13 per cent. 64 per cent of the total assets were invested in equities, units and primary capital certificates.

Of the NOK 91.5 billion invested in equities, units and primary capital certificates, 58 per cent was issued by the foreign sector. It was only investments in foreign sector that increased in 2000 for equities, units and primary capital certificates. These investments rose by 54 per cent to NOK 53.5 billion.

The financial institutions strengthened their possession as creditors by increasing their portfolio by 74 per cent to NOK 24 billion in 2000. Household was still the largest investor in unit trusts by NOK 83 billion.

The profit after taxes fell from NOK 28 384 million in 1999 to NOK 764 million in 2000. The main reason to this was the reduction of the unrealised profits from NOK 22 345 million in 1999 to minus NOK 6 822 million in 2000. Further more, the unrealised losses grew from NOK 150 to 9 269 million. Increased realized profit contributed to reduce the effect from the unrealised losses.

Tables:

• Table 1 Unit trusts. Participation capital by creditor sector. Market value. 1994-2000. Million kroner
• Table 2 Unit trusts. Profit and loss account. 31. December 1996-2000. Million kroner
• Table 3 Unit trusts. Balance sheet by financial instruments. 31. December 1995-2000. Million kroner