Closed-End Fund Assets, Second Quarter 2006Washington, DC, August 24, 2006 - The combined assets of the nation's closed-end funds were $280.66 billion at the end of June 2006, ICI reported today in a quarterly statistical collection of closed-end funds. Total closed-end fund assets increased $909 million during the second quarter. Equity fund assets decreased by $1.18 billion to $107.46 billion, and bond fund assets increased by $2.09 billion to $173.21 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 $2.31 billion, compared with $1.28 billion in the first quarter. There were 635 closed-end funds at the end of the quarter. Bond funds numbered 443, and equity funds totaled 192. 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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2Q 2006 |
1Q 2006 |
2005 |
2004 |
Total Equity |
107,455 |
108,637R |
104,742 |
81,507 |
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Domestic |
77,446 |
78,037R |
76,278 |
69,942 |
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Global |
30,009 |
30,600 |
28,464 |
18,565 |
Total Bond |
173,207 |
171,116 |
171,587 |
172,788 |
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Domestic Taxable |
66,374 |
64,696R |
64,276 |
65,049 |
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Domestic Municipal |
93,361 |
93,705R |
94,606 |
94,884 |
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Global |
13,472 |
12,715R |
12,705 |
12,855 |
All |
280,662 |
279,753R |
276,329 |
254,295 | R=Revised
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