Closed-End Fund Assets, Second Quarter 2005Washington, DC, September 13, 2005 - The combined assets of the nation's closed-end funds were $269.00 billion at the end of June 2005, the Investment Company Institute reported today in a quarterly statistical collection of closed-end funds. Total closed-end fund assets increased $9.55 billion during the second quarter. Equity fund assets increased by $7.30 billion to $95.10 billion, and bond fund assets increased by $2.25 billion to $173.89 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 $5.27 billion, compared with a revised $9.25 billion in the first quarter. There were 635 closed-end funds as of the end of the second quarter 2005. Bond funds numbered 457, and equity funds totaled 178. 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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2Q 2005 |
1Q 2005 |
2004 |
2003 |
Total Equity |
95,104 |
87,802R |
81,507R |
52,295 |
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Domestic |
72,137 |
66,325R |
62,942R |
42,263 |
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Global |
22,967 |
21,477R |
18,565 |
10,032 |
Total Bond |
173,892 |
171,647R |
172,788 |
161,794 |
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Domestic Taxable |
65,042 |
64,733R |
65,049 |
56,153 |
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Domestic Municipal |
96,009 |
94,253R |
94,884 |
94,102 |
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Global |
12,841 |
12,661R |
12,855 |
11,539 |
All |
268,996 |
259,449R |
254,295R |
214,089 | R=Revised This website includes a section devoted to statistics on closed-end funds and other investment companies.
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