Closed-End Fund Assets, First Quarter 2005Washington, DC, May 27, 2005 - The combined assets of the nation's closed-end funds were $259.65 billion at the end of March 2005, the Investment Company Institute reported today in a quarterly statistical collection of closed-end funds. Total closed-end fund assets increased $5.34 billion during the first quarter. Equity fund assets increased by $5.69 billion to $87.22 billion, and bond fund assets decreased by $355 million to $172.43 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 $9.00 billion, compared with $4.89 billion in the fourth quarter of 2004. There were 625 closed-end funds as of March 2005. Bond funds totaled 461, and equity funds totaled 164. There were 619 closed-end funds at year-end 2004.
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Assets of Closed-End Funds by Type, End of Period
(millions of dollars)
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2005: Q1 |
2004 |
2003 |
2002 |
Total Equity |
87,215 |
81,522R |
52,295 |
33,724 |
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Domestic |
65,875 |
62,957R |
42,263 |
26,596 |
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Global |
21,340 |
18,565R |
10,032 |
7,128 |
Total Bond |
172,433 |
172,788R |
161,794 |
125,081 |
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Domestic Taxable |
65,570 |
65,049 |
56,153 |
25,643 |
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Domestic Municipal |
94,298 |
94,884R |
94,102 |
90,024 |
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Global |
12,565 |
12,855 |
11,539 |
9,414 |
All |
259,648 |
254,310R |
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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