Closed-End Fund Assets, Third Quarter 2004Washington, DC, December 17, 2004 - The combined assets of the nation's closed-end funds were $241.24 billion at the end of September 2004, the Investment Company Institute reported today in a quarterly statistical collection of closed-end funds. Total closed-end fund assets increased $8.66 billion during the third quarter, according to the Institute. Equity fund assets increased by $3.68 billion to $72.26 billion, and bond fund assets increased by $4.98 billion to $168.98 billion. 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 $3.14 billion, compared with $6.29 billion in the second quarter of 2004. There were 608 closed-end funds as of the end of the quarter. Bond funds totaled 459, and equity funds totaled 149. 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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3Q 2004 |
2Q 2004 |
2003 |
2002 |
Total Equity |
72,262 |
68,584R |
52,295 |
33,724 |
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Domestic |
56,773 |
54,420R |
42,263 |
26,596 |
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Global |
15,489 |
14,164R |
10,032 |
7,128 |
Total Bond |
168,980 |
163,997R |
161,794 |
125,081 |
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Domestic Taxable |
62,228 |
60,695R |
56,153 |
25,643 |
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Domestic Municipal |
94,664 |
92,073 |
94,102 |
90,024 |
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Global |
12,088 |
11,229 |
11,539 |
9,414 |
All |
241,242 |
232,581R |
214,089 |
158,805 | R=Revised This website includes a section devoted to statistics on closed-end funds and other investment companies.
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