Closed-End Fund Assets, First Quarter 2007Washington, DC, June 4, 2007 - The combined assets of the nation's closed-end funds were $312.41 billion at the end of March 2007, ICI reported today in a quarterly statistical collection of closed-end funds. Total closed-end fund assets increased $14.31 billion during the first quarter. Equity fund assets increased by $14.67 billion to $136.70 billion, and bond fund assets decreased by $357 million to $175.71 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 $12.89 billion, compared with $7.00 billion in the fourth quarter of 2006. There were 652 closed-end funds at the end of the first quarter. Bond funds numbered 441, and equity funds totaled 211. There were 647 closed-end funds at year-end 2006.
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Assets of Closed-End Funds by Type, End of period
(millions of dollars)
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1Q 2007 |
2006 |
2005 |
2004 |
Total Equity |
136,698 |
122,027R |
105,563 |
82,326 |
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Domestic |
88,407 |
87,322R |
77,099 |
63,761 |
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Global |
48,291 |
34,705 |
28,464 |
18,565 |
Total Bond |
175,712 |
176,069R |
170,767 |
171,969 |
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Domestic Taxable |
68,423 |
68,051R |
63,456 |
64,230 |
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Domestic Municipal |
93,994 |
94,787R |
94,606 |
94,884 |
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Global |
13,295 |
13,231 |
12,705 |
12,855 |
All |
312,410 |
298,096R |
276,330 |
254,295 | R=Revised
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