Table of Contents
- Overview
- Executive Summary
- The Norwegian retail savings and investments sector has grown at a
compound annual rate of 9.4% in the last 5 years; however a reduced rate of
growth is forecast between 2006 and 2010
- Between 2001 and 2005, the Norwegian retail savings and investments
market experienced compound annual growth of 9.4%, driven primarily by
growth in mutual funds
- Between 2006 and 2010, deposits will continue to account for the bulk
of retail savings, with marginal increases in the proportional allocation
to mutual funds
- Legislation aimed at improving investor confidence and consumer
protection imposes additional obligations on providers
- The leading Norwegian banks and asset management companies control
more than 60% of their respective markets
- Four of the top five mutual fund managers belong to leading banking
groups
- Table of Contents
- Table of figures
- Table of tables
- MARKET OVERVIEW
- Between 2001 and 2005, the Norwegian retail savings and investments
market experienced compound annual growth of 9.4%, driven primarily by
growth in mutual funds
- Non-retail assets outstrip retail holdings in equity and bonds
- Deposits accounted for just below 70% of the Norwegian retail savings
and investments market in 2005
- Since 2003, mutual funds have accounted for a growing proportion of
household wealth, primarily at the expense of deposits
- MARKET FORECASTS
- Between 2006 and 2010, deposits will continue to account for the bulk of
retail savings, with marginal increases in the proportional allocation to
mutual funds
- Between 2006 and 2010, growth in mutual funds will slow to 6.9%
- MARKET REGULATION
- Legislation aimed at improving investor confidence and consumer
protection imposes additional obligations on providers
- The Norwegian Financial Supervisory Authority regulates the savings
and investments sector
- For banks and investment companies, Basel II capital adequacy
requirements imply additional investment in risk management expertise and
in IT systems to calculate risk
- Recent legislation improves consumer and investor protection
- Financial conglomerates face additional supervisory requirements
- Savings banks enjoy increased flexibility in board appointments
- Investment firms must finance a collective guarantee scheme
- Upcoming EU legislation (UCITS directive and MiFID) facilitates market
development and enhances consumer protection
- COMPETITIVE MARKET STRUCTURE
- The leading Norwegian banks and asset management companies control more
than 60% of their respective markets
- Savings banks comprise the largest segment of the Norwegian banking
sector, by number
- The top 5 banks control 72% of the banking market, measured by
customer deposits
- The top five asset managers control 64% of the mutual funds market, by
AuM
- Competitors in securities trading include investment companies and
other authorized institutions
- MARKET LEADERS
- Four of the top five mutual fund managers belong to leading banking
groups
- DnB NOR Bank Group leads the Norwegian banking sector; DnB NOR
Kapitalforvaltning is the mutual funds market leader
- Nordea Bank Norway trails the market leader in the Norwegian retail
banking market; Nordea Fondene ranks fourth in the mutual funds sector
- Fokus Bank (Danske Bank branch) ranks third among banks; Danske
Capital Norge is the fifth largest asset manager
- The Sparebank 1 Alliance is the fourth largest Norwegian banking group
by customer deposits; ODIN Forvaltning ranks second among asset managers,
by AuM
- The Handelsbanken Group rounds out the banking market leaders;
Storebrand Fondene has the third-highest mutual funds market share
- APPENDIX
- Asset manager / Asset management company
- Asset allocation fund
- Bank
- Collective Investment Scheme
- Friendly society
- Fund of funds
- Hedge fund
- Investment company
- ISA
- Non-retail market
- Retail market
- SICAF
- SICAV
- UCITS
- Further reading
- Savings and Investments SPP
- Interactive Databases
- Reports
- Related Global Wealth Service SPP Reports
- Interactive Databases
- Market Reports
- Strategic Insight Reports
- Wealth Management Competitor Tracker
- Ask the analyst
- Datamonitor consulting
- Disclaimer
- List of Tables
- Table 1: Total Savings & Investments segmented by retail v
institutional, NOKm, as at Dec 2005
- Table 2: Total Savings & Investments segmented by retail v
institutional, in percentages, as at Dec 2005
- Table 3: Retail Savings & Investments, segmented by asset class,
NOKm, as at Dec 2005
- Table 4: Retail Savings & Investments, segmented by asset class,
NOKm, 2001 - 2005
- Table 5: Retail Savings & Investments, segmented by asset class,
in percentages, 2001 - 2005
- Table 6: Retail Savings & Investments, segmented by asset class,
NOKm, 2006 - 2010
- Table 7: Retail Savings & Investments, segmented by asset class,
in percentages, 2006 - 2010
- Table 8: Number of banks segmented by type, as at Dec 2005
- Table 9: Top 5 banking groups by customer deposits, as at Dec 2005
- Table 10: Top 5 asset management companies by mutual fund assets under
management (AuM), as at Dec 2005
- List of Figures
- Figure 1: Retail assets account for more than half of deposits and
mutual funds in Norway
- Figure 2: Deposits and mutual funds together represent 86% of retail
savings in 2005
- Figure 3: At 21.3%, compound annual growth in retail mutual funds
outstripped all other asset classes between 2001 and 2005
- Figure 4: The allocation of household savings between asset classes
will remain largely consistent, with the proportion of deposits decreasing
slightly
- Figure 5: Norwegian commercial banks account for 9% of the market, by
number
- Figure 6: DnB NOR leads the banking sector, with a market share of 45%
- Figure 7: DnB NOR Kapitalforvaltning accounts for 31% of the mutual
funds market
|
Related Report
|
View Cart
