Closed-End Fund Assets, Third Quarter 2007Washington, DC, December 13, 2007 - The combined assets of the nation's closed-end funds were $328.10 billion at the end of September 2007, ICI reported today in a quarterly statistical collection of closed-end funds. Total closed-end fund assets increased $33.60 billion during the third quarter. Equity fund assets increased by $6.63 billion to $153.63 billion, and bond fund assets decreased by $3.27 billion to $174.46 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 $5.81 billion, compared with $11.37 billion in the second quarter. There were 668 closed-end funds at the end of the third quarter. Bond funds numbered 437, and equity funds totaled 231. 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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3Q 2007 |
2Q 2007 |
2006 |
2005 |
Total Equity |
153,631 |
147,003 |
122,452 R |
105,563 |
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Domestic |
91,650 |
90,225 R |
87,747 R |
77,099 |
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Global |
61,981 |
56,778 |
34,705 |
28,464 |
Total Bond |
174,460 |
177,728 R |
175,851 R |
170,767 |
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Domestic Taxable |
65,244 |
67,802 |
68,051 |
63,456 |
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Domestic Municipal |
93,089 |
94,072 R |
94,569 |
94,606 |
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Global |
16,127 |
15,854 |
13,231 |
12,705 |
All |
328,091 |
324,731 |
298,303 |
276,330 | R=Revised
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