Closed-End Fund Assets, Fourth Quarter 2007Washington, DC, February 25, 2008 - The combined assets of the nation's closed-end funds were $314.94 billion at the end of December 2007, ICI reported today in a quarterly statistical collection of closed-end funds. Total closed-end fund assets decreased $10.61 billion during the fourth quarter. Equity fund assets decreased by $6.73 billion to $146.89 billion, and bond fund assets decreased by $3.88 billion to $168.05 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 $5.81 billion in the third quarter. There were 668 closed-end funds at the end of the fourth quarter. Bond funds numbered 436, and equity funds totaled 232. 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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4Q 2007 |
3Q 2007 |
2006 |
2005 |
Total Equity |
146,890 |
153,623 R |
122,452 |
105,563 |
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Domestic |
88,304 |
91,719 R |
87,747 |
77,099 |
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Global |
58,586 |
61,904 R |
34,705 |
28,464 |
Total Bond |
168,045 |
171,920 R |
175,851 |
170,767 |
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Domestic Taxable |
62,999 |
64,973 R |
68,051 |
63,456 |
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Domestic Municipal |
89,264 |
90,820 R |
94,569 |
94,606 |
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Global |
15,782 |
16,127 |
13,231 |
12,705 |
All |
314,935 |
325,543 R |
298,303 |
276,330 | R=Revised
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