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/en/bank-og-finansmarked/statistikker/vpfondk/kvartal
90647
Higher net purchases
statistikk
2012-11-28T10:00:00.000Z
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, Q3 2012

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Higher net purchases

The total value of the Norwegian mutual fund shares went up to NOK 581.2 billion during the 3rd quarter of the year. Net purchase of fund shares was higher than the previous quarter, at NOK 8.7 billion.

The total capital of mutual funds went up by 5.7 per cent during the 3rd quarter of 2012. The bond funds went up by 9.9 per cent, equity funds were up by 4.8 per cent and other bond funds were up by 12.8 per cent. Money market fund shares however were almost unchanged compared to the previous quarter.

The general increase in the mutual fund shares from the end of the 2nd quarter to the end of the 3rd quarter can be partly explained by an increase in the value of the equity fund shares and partly by the high net purchases of the bond funds and the other bond funds.

Stocks of mutual fund shares by type of mutual funds at 30 September 2012. Market value in NOK billion

Net purchases in bond funds

Investors net bought NOK 8.1 billion bond funds and NOK 3.5 billion worth of other bond funds.

NOK 3 billion worth of equity funds and NOK 1 billion worth of money market funds were sold, and with investors net buying NOK 1 billion worth of other funds the net purchase of mutual funds totalled NOK 8.7 billion.

Life insurance companies’ investment continued

The largest owners in the Norwegian mutual funds market; life insurance companies, bought a net amount of NOK 6.3 billion worth of bond funds in the third quarter of the year.

Households sold mutual fund shares

The household sector continued to sell mutual fund shares and net sold mutual funds totalling NOK 1.5 billion in the 3rd quarter of 2012.

Foreign investors’ net purchases at stand still

Foreign investors net purchased a total of NOK 300 million mutual funds in the 3rd quarter of 2012. Most of the purchases were in bond funds, and totalled around NOK 347 million.

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

Increase in life insurance companies’ owner share

The life insurance companies’ owner share went up to 37.5 per cent in the third quarter of the year. Households’ owner share was lower than the previous quarter, at 17.5 per cent. Foreign investors’ owner share was unchanged at 13.4 per cent.

Mutual funds shares capital and net purchases. Market value in NOK million
      Q1 2012     Q2 2012     Q3 2012
Total      
Mutual funds shares capital  562 137  550 0461  581 201
Net purchases 12 194 2 9951 8 732
General government      
Mutual funds shares capital 13 413 13 676 13 639
Net purchases -218  362 -432
Financial corporations      
Mutual funds shares capital  298 587  300 788  319 945
Net purchases 10 080 6 699 7 677
Non-financial corporations      
Mutual funds shares capital 45 900 43 919 47 270
Net purchases -212 -1 747 1 920
Households      
Mutual funds shares capital  103 733 98 123  101 492
Net purchases -1 844 -1 172 -1 445
Non-profit organisations      
Mutual funds shares capital 19 871 19 515 20 914
Net purchases  926  464  717
Rest of the world      
Mutual funds shares capital 80 415 73 751 77 729
Net purchases 3 503 -1 608  301
Unspecified sector      
Mutual funds shares capital  218  274  212
Net purchases -41 -3 -6

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. Households and non-profit institutions will also be treated separately according to the new institutional sector classification.

Following the introduction of a new sector standard, the older series will not be updated. New tables have been introduced and these will include time series from the first quarter of 2012 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, which 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.

1  Corrected 28 November 2012

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