Closed-End Fund Assets, Second Quarter 2004Washington, DC, August 31, 2004 - The combined assets of the nation's closed-end funds were $232.18 billion at the end of June 2004, the Investment Company Institute reported today in a quarterly statistical collection of closed-end funds. Total closed-end fund assets increased $337 million during the second quarter, according to the Institute. Equity fund assets increased by $2.10 billion to $67.86 billion, and bond fund assets decreased by $1.76 billion to $164.32 billion. The ICI's data collection also includes the value of new proceeds invested in closed-end funds and the total number of funds. For the quarter, proceeds to closed-end funds were $5.83 billion, compared with a revised $13.55 billion in the first quarter of 2004. There were 604 closed-end funds as of the end of the second quarter. Bond funds totaled 458, and equity funds totaled 146. There were 586 closed-end funds at year-end 2003, and 545 funds at year-end 2002.
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Assets of Closed-End Funds by Type, End of period
(millions of dollars)
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2Q 2004 |
1Q 2004 |
2003 |
2002 |
Total Equity |
67,862 |
65,766R |
52,295R |
33,724 |
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Domestic |
53,698 |
52,170R |
42,263R |
26,596 |
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Global |
14,164 |
13,596R |
10,032 |
7,128 |
Total Bond |
164,321 |
166,080R |
161,794 |
125,081 |
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Domestic Taxable |
61,019 |
59,742 |
56,153 |
25,643 |
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Domestic Municipal |
92,073 |
94,654R |
94,102 |
90,024 |
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Global |
11,229 |
11,684 |
11,539 |
9,414 |
All |
232,183 |
231,846R |
214,089R |
158,805 | R=Revised
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