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95279
Equity funds increase in value
statistikk
2013-05-29T10:00:00.000Z
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 2013

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Equity funds increase in value

The total value of the Norwegian mutual fund shares went up by NOK 49.2 billion to NOK 658.6 billion, which can be attributed to an increase in the value of the equity funds during the 1st quarter of 2013. Net purchases of the fund shares were NOK 29.1 billion.

Mutual funds shares capital and net purchases. Market value (NOK million)Published 29 May 2013
2nd quarter 20123rd quarter 20124th quarter 20121st quarter 2013
All sectors
Mutual funds shares capital550 046581 202609 428658 577
Net purchases/sales2 9958 73223 00429 085
General government
Mutual funds shares capital13 67613 64712 95712 628
Net purchases/sales362-432-771-144
Financial corporations
Mutual funds shares capital300 788319 945339 266362 668
Net purchases/sales6 6997 67715 58813 237
Non-financial corporations
Mutual funds shares capital43 91947 27050 80859 236
Net purchases/sales-1 7471 9201 7168 705
Households
Mutual funds shares capital98 123101 493103 435109 169
Net purchases/sales-1 172-1 4451 1551 571
Non-profit institutions serving households
Mutual funds shares capital19 51520 91517 97620 277
Net purchases/sales464717-271 713
Rest of the world
Mutual funds shares capital73 77377 75184 81294 386
Net purchases/sales-1 6083005 3383 959
Unspecified sector
Mutual funds shares capital252181174213
Net purchases/sales-3-5544

Source: Statistics Norway

The total capital of Norwegian mutual funds went up by 8.1 per cent during the first quarter of the year and this can be attributed to both the increase in the values and the net purchases of funds. The equity funds went up by NOK 32.2 billion. The value of the hybrid funds went up most by 13.0 per cent. Money market fund shares, which had a negative development during the last quarter, also went up by 7.0 per cent.

Higher net purchases of funds

Investors net purchased NOK 29.1 billion during the 1st quarter of 2013. Private non-financial incorporated enterprises and life insurance companies had the largest sums of net purchases; NOK 8.7 billion and NOK 7.9 billion respectively.

Investors net bought NOK 9.2 billion money market funds and NOK 8.8 billion worth of bond funds during the first quarter of 2013.

Life insurance companies’ investment continues

The largest owners in the Norwegian mutual funds market; life insurance companies, bought a net amount of NOK 7.9 billion worth of bond funds in the first quarter of 2013.

Households continued to net buy

After net selling for three consecutive quarters in 2012, the household sector started buying mutual fund shares for the second consecutive quarter, and these totalled NOK 1.6 billion in the 1st quarter of 2013. This sector bought mainly hybrid funds and other bond funds.

Foreign investors again choosing equity funds

Foreign investors net purchased a total of NOK 4.0 billion worth of mutual funds during the first quarter of the year. Most of the purchases were in equity funds, which totalled NOK 2.4, as in the previous quarter.