08.30.2016

ICI Reports Closed-End Fund Assets and Net Issuance

ICI.org – Washington, DC – The combined assets of the nation’s closed-end funds were $265.63 billion at the end of June, according to ICI. The Institute’s quarterly statistical collection also includes the value of shares issued and redeemed by closed-end funds.

 

Assets of Closed-End Funds by Type End of Period, Millions of dollars

  2016:2Q 2016:1Q 2015
Equity 101,633 97,611 99,675
Domestic 74,246 70,522 72,134
Global 27,387 27,090 27,542
Bond 163,997 161,822 161,133
Domestic Taxable 50,694 51,212 51,720
Domestic Municipal 93,245 90,667 89,501
  Global 20,059 19,942 19,912
Total 265,630 259,433 260,808

 

Note: Components may not add to the total because of rounding.

 

Highlights: Total closed-end fund assets increased $6.20 billion during the second quarter. Equity fund assets increased by $4.02 billion to $101.63 billion, and bond fund assets increased by $2.18 billion to $164.00 billion.

 

For the quarter, closed-end funds had negative net issuance of $173 million, compared with net issuance of $171 million in the first quarter of 2016.

 

There were 545 closed-end funds at the end of the second quarter. Bond funds numbered 343, and equity funds totaled 202. There were 559 closed-end funds at the end of the first quarter.

 

Value of Shares Issued and Redeemed by All Closed-End Funds Millions of dollars

         2016:2Q      2016:1Q      2015 2014
Gross Issuance 449 650 4,140 8,413
Gross Redemptions 621 479 2,463 3,522
Net Issuance -173 171 1,676 4,891

 

Note: Components may not add to the total because of rounding.

 

Number of Closed-End Funds by Type

       2016:2Q      2016:1Q      2015
Equity 202 205 205
Domestic 118 121 121
Global 84 84 84
Bond 343 354 353
Domestic Taxable 124 126 126
Domestic Municipal 182 189 188
  Global 37 39 39
Total 545 559 558

 

 

–ICI–

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