Closed-End Fund Assets, Fourth Quarter 2004Washington, DC, February 23, 2005 - The combined assets of the nation's closed-end funds were $254.44 billion at the end of December 2004, the Investment Company Institute reported today in a quarterly statistical collection of closed-end funds. Total closed-end fund assets increased $10.84 billion during the fourth quarter, according to the Institute. Equity fund assets increased by $7.17 billion to $81.40 billion, and bond fund assets increased by $3.66 billion to $173.04 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 $4.89 billion, compared with $3.14 billion in the third quarter of 2004. There were 620 closed-end funds as of year-end 2004. Bond funds totaled 463, and equity funds totaled 157. 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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4Q 2004 |
3Q 2004 |
2003 |
2002 |
Total Equity |
81,396 |
74,225R |
52,295 |
33,724 |
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Domestic |
62,793 |
57,841R |
42,263 |
26,596 |
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Global |
18,603 |
16,384R |
10,032 |
7,128 |
Total Bond |
173,042 |
169,378R |
161,794 |
125,081 |
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Domestic Taxable |
65,049 |
62,522R |
56,153 |
25,643 |
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Domestic Municipal |
95,138 |
94,768R |
94,102 |
90,024 |
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Global |
12,855 |
12,088 |
11,539 |
9,414 |
All |
254,438 |
243,603R |
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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