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/en/bank-og-finansmarked/statistikker/vpfondk/kvartal
208983
Fall in equity funds
statistikk
2015-08-27T10:00:00.000Z
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
false
An overview of the Norwegian mutual funds, with a focus on share capital, owner sector, transactions and mutual funds’ assets.

Mutual funds, quarterly figures, Q2 2015

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Fall in equity funds

The total share capital of the Norwegian mutual funds was diminished by NOK 10 billion during the second quarter of 2015, and the outstanding amount ended up at NOK 959.1 billion. Investors net sold fund shares for NOK 5.3 billion in total.

Outstanding amounts and net purchases of mutual fund shares. Market value (NOK million)Published 27 August 2015
3rd quarter 20144th quarter 20141st quarter 20152nd quarter 2015
All sectors
Outstanding amounts897 691904 172969 146959 127
Net purchases/sales20 147-35 08329 712-5 323
General government
Outstanding amounts13 12912 69412 92012 280
Net purchases/sales-383-690172-660
Financial corporations
Outstanding amounts551 950561 497609 234608 714
Net purchases/sales14 670-15 02626 8741 736
Non-financial corporations
Outstanding amounts65 68562 64865 25763 903
Net purchases/sales-717-4 3382 817-1 226
Households
Outstanding amounts122 992127 885138 163139 394
Net purchases/sales806-1 1032 8471 482
Non-profit institutions serving households
Outstanding amounts27 47428 23430 68131 658
Net purchases/sales856241 9991 105
Rest of the world
Outstanding amounts116 315111 066112 712103 025
Net purchases/sales4 897-13 950-5 001-7 763
Unspecified sector
Outstanding amounts146148179153
Net purchases/sales18043

Source: Statistics Norway

The 1 per cent decrease in the total outstanding amounts of Norwegian funds can be attributed to both net sales of shares and the lower prices of the value of the funds. The share capital of the equity funds suffered most and fell by 3.9 per cent; the decrease amounted to NOK 18.8 billion.

While equity funds were net sold, hybrid funds and bond funds were net bought

The net sales in equity funds amounted to NOK 15.2 billion during the second quarter of the year. Other funds were more popular, with investors net buying shares of hybrid funds of NOK 5.5 billion, bond funds of NOK 2.5 billion and other bond funds that amounted to NOK 2.5 billion. Another type of fund that was net sold was money market funds, at almost NOK 600 million.

Another quarter of foreign investors selling

Foreign investors have net sold fund shares for three consecutive quarters. They net sold fund shares of NOK 7.8 billion during the second quarter of 2015. They net sold all types of funds apart from other bond funds.

Move from equity funds to other types of funds for the financial corporations

Financial corporations net sold most fund shares during the second quarter; the equity funds alone amounted to NOK 7.2 billion. Life insurance companies and pension funds that belong to this sector were the biggest actors. With net purchases of bond funds worth NOK 3.4 billion, hybrid funds amounting to NOK 2.7 billion, and other bond funds of NOK 1.3 billion, they ended up at a net purchase of NOK 1.7 billion in total.

Households net purchased two quarters in a row

The household sector net purchased fund shares of NOK 1.5 billion during the second quarter of 2015 and these were mostly hybrid funds. Non-profit institutions serving households also net bought fund shares of NOK 1.1 billion during the second quarter of the year.