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Net purchases of mutual fund shares, but foreigners sell
statistikk
2016-08-25T10:00:00.000Z
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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An overview of the Norwegian mutual funds, with a focus on shares capital, owner sector, transactions and mutual funds’ assets.

Mutual funds, quarterly figures, Q2 2016

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Net purchases of mutual fund shares, but foreigners sell

Net purchases of mutual fund shares registered in Norway continued during the 2nd quarter of 2016. Net purchases during the period reached NOK 9.1 billion, with the financial companies being the biggest buying sector. Foreigners net sold NOK 2.9 billion worth of fund shares.

Outstanding amounts and net purchases of mutual fund shares. Market value (NOK million)Published 25 August 2016
3rd quarter 20154th quarter 20151st quarter 20162nd quarter 2016
All sectors
Outstanding amounts942 528958 123959 517977 485
Net purchases/sales5 871-26 93024 9369 110
General government
Outstanding amounts11 99412 57612 75013 322
Net purchases/sales-87321395549
Financial corporations
Outstanding amounts610 114607 132619 936639 082
Net purchases/sales11 394-17 52426 34410 966
Non-financial corporations
Outstanding amounts62 70559 89861 71662 843
Net purchases/sales275-4 8312 2441 131
Households
Outstanding amounts132 317139 758134 235134 226
Net purchases/sales-1 1342 721-344-334
Non-profit institutions serving households
Outstanding amounts31 79331 60931 55031 485
Net purchases/sales631-1 043-1 139-238
Rest of the world
Outstanding amounts93 444106 85599 20296 411
Net purchases/sales-5 208-6 587-2 538-2 961
Unspecified sector
Outstanding amounts161295128116
Net purchases/sales013-26-3

Source: Statistics Norway

The net purchases are mainly due to net purchases of bond and money market fund shares. These types of funds were net purchased for a sum of NOK 6.7 billion and NOK 7 billion respectively. This corresponds to a 2.2 and 8.1 per cent increase in total share capital for these fund types. Equity fund shares were on the other hand net sold for a total of NOK 4.1 billion. This corresponds to a 0.9 per cent decrease in total equity fund share capital. Other fund types only saw minor movements in share capital and net sales during the period.

The total market value of the assets held by mutual funds increased by NOK 17.9 billion during the second quarter of 2016, reaching a total of NOK 982.4 billion. This corresponds to a 2 per cent increase compared to the previous quarter. A particular increase was observed in the funds’ stocks of short and long-term debt securities during the period.

Foreigners sell equity fund shares

The second quarter of 2016 saw a total of NOK 4.1 billion net sales of equity fund shares, of which foreigners’ net sales contributed NOK 3.9 billion. This means they sold 5 per cent of their share capital. There is no corresponding net purchase in foreigners’ net purchases of other types of fund shares. Foreigners’ total net purchases in fund types other than equity fund shares totalled NOK 1 billion. This is the seventh quarter in a row that foreigners have net sold mutual fund shares registered in Norway. Their total share of the total market is now down to 9.9 per cent, down from 13.2 per cent during the second quarter of 2014.

Life insurance companies and pension funds biggest net purchaser of bond fund shares

Life insurance companies and pension funds net purchased fund shares for NOK 7.4 billion in the second quarter of 2016 making it the holding sector with the largest net purchases in this quarter. The investments were mainly made in bond shares and money market shares, worth a total of NOK 4.3 billion and NOK 1.8 billion respectively.

Life insurance companies and pension funds still make up the largest holding sector of mutual fund shares with an owner share of 43.9 per cent of the total share capital. More specifically, they own 69.1 per cent of the share capital in bond funds.