Closed-End Fund Assets, Second Quarter 2007Washington, DC, August 29, 2007 - The combined assets of the nation's closed-end funds were $324.96 billion at the end of June 2007, ICI reported today in a quarterly statistical collection of closed-end funds. Total closed-end fund assets increased $12.55 billion during the second quarter. Equity fund assets increased by $10.19 billion to $146.88 billion, and bond fund assets increased by $2.37 billion to $178.08 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 $11.37 billion, compared with $12.89 billion in the first quarter. There were 656 closed-end funds at the end of the second quarter. Bond funds numbered 435, and equity funds totaled 221. 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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2Q 2007 |
1Q 2007 |
2006 |
2005 |
Total Equity |
146,883 |
136,698 |
122,027 |
105,563 |
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Domestic |
90,105 |
88,407 |
87,322 |
77,099 |
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Global |
56,778 |
48,291 |
34,705 |
28,464 |
Total Bond |
178,081 |
175,712 |
176,069 |
170,767 |
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Domestic Taxable |
67,802 |
68,423 |
68,051 |
63,456 |
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Domestic Municipal |
94,425 |
93,994 |
94,787 |
94,606 |
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Global |
15,854 |
13,295 |
13,231 |
12,705 |
All |
324,964 |
312,410 |
298,096 |
276,330 | R=Revised
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