Closed-End Fund Assets, Fourth Quarter 2002Washington, DC, March 26, 2003 - The combined assets of the nation's closed-end funds were $156.39 billion at year-end 2002, the Investment Company Institute reported today in a quarterly statistical collection of closed-end funds. Total closed-end fund assets increased $5.38 billion during the fourth quarter, according to the Institute. Equity fund assets increased by $3.08 billion to $33.54 billion, and bond fund assets increased by $2.30 billion to $122.85 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 $5.12 billion, compared with $5.84 billion in the third quarter. There were 562 closed-end funds at year-end 2002. Bond funds totaled 437, and equity funds totaled 125. There were 526 closed-end funds at the end of the third quarter, and 528 closed-end funds at year-end 2001.
|
|
|
|
|
|
Assets of Closed-End Funds by Type, End of period
(millions of dollars)
|
| |
4Q 2002 |
3Q 2002 |
2001 |
2000 |
Total Equity |
33,540 |
30,463 |
30,710 |
35,027 |
| |
Domestic |
26,453 |
23,305 |
21,918 |
22,973 |
| |
Global |
7,087 |
7,158 |
8,792 |
12,054 |
Total Bond |
122,854 |
120,556 |
108,992 |
101,855 |
| |
Domestic Taxable |
25,278 |
25,778 |
25,235 |
27,638 |
| |
Domestic Municipal |
88,162 |
85,766 |
75,255 |
65,171 |
| |
Global |
9,414 |
9,012 |
8,502 |
9,046 |
All |
156,394 |
151,019 |
139,702 |
136,882 |
|
