Closed-End Fund Assets, Third Quarter 2003Washington, DC, December 1, 2003 - The combined assets of the nation's closed-end funds were $202.92 billion at the end of September 2003, the Investment Company Institute reported today in a quarterly statistical collection of closed-end funds. Total closed-end fund assets increased $14.21 billion during the third quarter, according to the Institute. Equity fund assets increased by $5.56 billion to $45.13 billion, and bond fund assets increased by $8.65 billion to $157.79 billion. The Institute's quarterly statistical 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 $13.36 billion, compared with $15.66 billion in the second quarter of 2003. There were 575 closed-end funds as of the end of the third quarter. Bond funds totaled 449, and equity funds totaled 126. There were 545 closed-end funds at year-end 2002, and 493 closed-end funds at year-end 2001.
Assets of Closed-End Funds by Type, End of Period
(MILLIONS OF DOLLARS)
|
|
|
|
|
|
| |
3Q 2003 |
2Q 2003 |
2002 |
2001 |
Total Equity |
45,130 |
39,575 |
33,724 |
31,075 |
|
Domestic |
36,401 |
31,682 |
26,596 |
22,261 |
| |
Global |
8,729 |
7,893 |
7,128 |
8,814 |
Total Bond |
157,791 |
149,139 |
125,081 |
110,176 |
| |
Domestic Taxable |
54,430 |
46,906 |
25,643 |
26,606 |
| |
Domestic Municipal |
92,484 |
91,739 |
90,024 |
74,467 |
| |
Global |
10,877 |
10,494 |
9,414 |
9,102 |
All |
202,921 |
188,715 |
158,805 |
141,251 |
|
