[Report] Norway Retail Investment Market Research, Trends, Analysis TOC

Overview
- Catalyst
- Summary
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

Market Guide: Retail Investment Market in Norway 2006

Table of Contents