Closed-End Fund Assets, First Quarter 2006Washington, DC, June 6, 2006 - The combined assets of the nation's closed-end funds were $280.81 billion at the end of March 2006, ICI reported today in a quarterly statistical collection of closed-end funds. Total closed-end fund assets increased $4.48 billion during the first quarter. Equity fund assets increased by $4.32 billion to $109.06 billion, and bond fund assets increased by $158 million to $171.75 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 $1.28 billion, compared with $1.88 billion in the fourth quarter. There were 628 closed-end funds at the end of the quarter. Bond funds numbered 439, and equity funds totaled 189. There were 633 closed-end funds at year-end 2005.
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Assets of Closed-End Funds by Type, End of Period
(millions of dollars)
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1Q 2006 |
2005 |
2004 |
2003 |
Total Equity |
109,062 |
104,742 |
81,507 |
52,295 |
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Domestic |
78,462 |
76,278R |
62,942 |
42,263 |
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Global |
30,600 |
28,464 |
18,565 |
10,032 |
Total Bond |
171,745 |
171,587 |
172,788 |
161,794 |
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Domestic Taxable |
65,290 |
64,276 |
65,049 |
56,153 |
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Domestic Municipal |
93,740 |
94,606 |
94,884 |
94,102 |
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Global |
12,715 |
12,705 |
12,855 |
11,539 |
All |
280,807 |
276,329 |
254,295 |
214,089 | R=Revised
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