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/en/bank-og-finansmarked/statistikker/vpfondk/kvartal
135542
Slight drop in net sales
statistikk
2013-11-28T10:00:00.000Z
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 2013

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Slight drop in net sales

While the net sales of fund shares were almost zero, the total value of Norwegian mutual fund shares went up by NOK 28.8 billion to almost NOK 695.6 billion in the 3rd quarter of 2013. Fund shares of the equity funds went up the most.

Mutual funds shares capital and net purchases. Market value (NOK million)Published 28 November 2013
4th quarter 20121st quarter 20132nd quarter 20133rd quarter 2013
All sectors
Mutual funds shares capital609 430658 575666 861695 607
Net purchases/sales23 00529 0851 211-65
General government
Mutual funds shares capital12 95712 62812 58512 691
Net purchases/sales-771-144-182-180
Financial corporations
Mutual funds shares capital339 267364 211379 201395 114
Net purchases/sales15 58813 1979 776-1 777
Non-financial corporations
Mutual funds shares capital50 80857 69151 34955 239
Net purchases/sales1 7168 746-5 6542 460
Households
Mutual funds shares capital103 438109 171108 478113 482
Net purchases/sales1 1561 571-885-665
Non-profit institutions serving households
Mutual funds shares capital17 97920 28020 92622 292
Net purchases/sales-271 713409683
Rest of the world
Mutual funds shares capital84 83394 46294 18596 613
Net purchases/sales5 3494 013-2 240-581
Unspecified sector
Mutual funds shares capital148132137176
Net purchases/sales-6-11-13-5

Source: Statistics Norway

The total capital of Norwegian mutual funds went up by 4.3 per cent in the third quarter of the year. This is entirely due to the value increase in fund shares and in particular equity funds, which were up NOK 22.6 billion. The value of bond funds also increased by NOK 8.8 billion at the end of the quarter, while the value of money market funds decreased by NOK 4.2 billion.

Net sales of funds were almost zero

The net sale of funds totalled NOK 65 million in the 3rd quarter of 2013, compared to NOK 1.2 billion in the second quarter. Although the net sales were almost zero in total, there were large differences in the net sales and purchases in the different sectors. For example, life insurance companies net sold funds for NOK 1.4 billion, while private non-financial incorporated enterprises net bought funds for NOK 2.3 billion.

Investors net sold mostly money market funds, worth NOK 4.8 billion in the third quarter of 2013. Net sales of equity funds were NOK 2.7 billion, while net purchase of other bond funds and bond funds were NOK 3.4 billion and NOK 3.2 billion respectively. Since the net sales of hybrid funds were around NOK 1 billion, net sales ended up at almost zero.

Life insurance companies net sold money market funds

The largest owners in the Norwegian mutual funds market; life insurance companies, sold a net amount of NOK 2.8 billion worth of money market funds in the third quarter of 2013. They also sold NOK 1.3 billion worth of equity funds, but net bought NOK 2.0 billion worth of bond funds in the 3rd quarter of 2013.

Households net sold fund shares

As in the previous quarter, the household sector had a net sale of mutual fund shares, which in the 3rd quarter totalled around NOK 665 million. The total value of their fund shares on the other hand went up by NOK 5 billion to NOK 113.5 billion.

Foreign investors net sold in two consecutive quarters

Foreign investors net sold a total of NOK 581 million worth of mutual funds during the third quarter of the year compared to NOK 2.2 billion worth of fund shares in the second quarter.