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Equity fund assets rises to $114.31bn in Dec: ICI

Total closed-end fund assets increased $3.35 billion during the fourth quarter

March 11, 2014 9:32 IST | India Infoline News Service
The combined assets of the US’s closed-end funds were $279.30 billion in December, according to Washing-based ICI (Investment Company Institute).
The Institute’s quarterly statistical collection also includes the value of shares issued and redeemed by closed-end funds.
Total closed-end fund assets increased $3.35 billion during the fourth quarter. Equity fund assets increased by $3.79 billion to $114.31 billion, and bond fund assets decreased by $444 million to $164.99 billion. 
For the quarter, there was $688 million in net issuance to closed-end funds, compared with $279 million in the third quarter of 2013.
There were 599 closed-end funds at the end of the fourth quarter. Bond funds numbered 384, and equity funds totaled 215. There were 602 closed-end funds at year-end 2012.

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