Closed-End Fund Assets, Third Quarter 2006Washington, DC, December 4, 2006 - The combined assets of the nation's closed-end funds were $285.82 billion at the end of September 2006, ICI reported today in a quarterly statistical collection of closed-end funds. Total closed-end fund assets increased $5.65 billion during the third quarter. Equity fund assets increased by $3.47 billion to $110.42 billion, and bond fund assets increased by $2.19 billion to $175.39 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 $1.02 billion, compared with $2.51 billion in the second quarter. There were 640 closed-end funds at the end of the quarter. Bond funds numbered 444, and equity funds totaled 196. 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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3Q 2006 |
2Q 2006 |
2005 |
2004 |
Total Equity |
110,423 |
106,955R |
104,742 |
81,507 |
| |
Domestic |
77,962 |
76,946R |
76,278 |
69,942 |
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Global |
32,461 |
30,009 |
28,464 |
18,565 |
Total Bond |
175,393 |
173,207 |
171,587 |
172,788 |
| |
Domestic Taxable |
67,025 |
66,374 |
64,276 |
65,049 |
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Domestic Municipal |
94,667 |
93,361 |
94,606 |
94,884 |
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Global |
13,701 |
13,472 |
12,705 |
12,855 |
All |
285,816 |
280,162R |
276,329 |
254,295 | R=Revised
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