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85189
Increase in equity fund capital
statistikk
2012-06-12T10:00:00.000Z
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, Q1 2012

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Increase in equity fund capital

The total value of the Norwegian mutual fund shares went up by NOK 36.1 billion to NOK 562.1 billion at the end of the first quarter of 2012. Net sales of fund shares were NOK 12.2 billion during this period.

The total value of mutual funds’ capital was up 6.9 per cent from the end of the 4th quarter of 2011 to the end of the 1st quarter of 2012 and ended at NOK 562.1 billion. Equity funds made the largest contribution to the increase in value; going up by 11.7 per cent.

Stocks of mutual fund shares by type of mutual funds at 31 March 2012. Market value in NOK billion

Net purchases of equity funds

A net amount of NOK 12.2 billion worth of mutual funds was purchased in the 1st quarter of 2012. Investors net bought NOK 6.9 billion equity funds, NOK 5.1 billion worth of bond funds and NOK 3.1 billion worth of other bond funds. A total value of NOK 800 million of hybrid fund shares and hedge funds and others were purchased in the first quarter.

Life insurance companies purchased equity funds and bond funds

The largest owners in the Norwegian mutual funds market; life insurance companies, bought almost NOK 2.4 billion net worth of equity funds and NOK 2.1 billion of bond funds in the first quarter of the year.

Foreign investors continued to purchase funds

Foreign investors net bought NOK 3.5 billion worth of mutual funds in the 1st quarter of 2012. Most of the purchases were in equity funds, totalling NOK 3 billion.

Net purchases of shares in equity funds by purchasing sector. NOK billion

Households sold mutual funds’ shares

The household sector net sold NOK 1.8 billion of mutual funds in the 1st quarter of 2012. Of this, households net sold NOK 2.6 billion worth of money market funds, while net purchasing almost NOK 600 million worth of other bond funds.

Increase in foreign investors’ share

At the end of the 4th quarter of 2011, life insurance companies’ share of the mutual funds was almost the same as the previous quarter. The life insurance companies own 35.9 per cent of the entire mutual funds capital in Norway. Households’ owner share was 18.5 per cent. It should be noted that households and non-profit institutions will be treated separately according to the new institutional sector classification. See the box below. Foreign investors’ owner share increased from 13.5 to 14.3 per cent.

Mutual funds shares capital and net purchases. Market value in NOK million
  Q1 2012
Total  
Mutual funds shares capital  562 141
Net purchases 12 191
General government  
Mutual funds shares capital 13 383
Net purchases -218
Financial corporations  
Mutual funds shares capital  298 585
Net purchases 10 074
Non-financial corporations  
Mutual funds shares capital 45 965
Net purchases -243
Households  
Mutual funds shares capital  103 736
Net purchases -1 845
Non-profit organisations  
Mutual funds shares capital 19 831
Net purchases  959
Rest of the world  
Mutual funds shares capital 80 353
Net purchases 3 494

Institutional sector classification 2012

The institutional sector classification has been revised. New four-digit sector codes have been introduced and the definitions of some sectors in the classification have been changed. The revised sector classification will be implemented in the Norwegian statistical system over the next two years.

The new sector classification was adopted in the mutual funds statistics at the beginning of 2012. One of the most significant changes is that the line between financial and non-financial sectors has been shifted such that the financial sectors increased in value. In addition to this, new financial sectors were added.

The introduction of a new sector standard means that the older series will not be updated. New tables have been introduced and these will include time series from the first quarter of 2012 and onwards.

Changes in classification of funds

Statistics Norway has decided to introduce changes in the classification of the funds as of 1 January 2012. This decision is in line with the Norwegian Fund and Asset Management Association’s (VFF) standards that were introduced in 2010. According to this, a new group called ‘other bond funds’ was introduced and the money market funds were defined more precisely.

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