Reading time: 1 – 2 minutes
Between December 2003 and December 2005, assets of closed-end funds increased 29%.
The equity market is evolving
Most of this growth was in the creation of new equity funds.
For a number of years, most closed-end funds were focused on the bond market.
In 2003, assets of equity funds made up only 24% of the assets of closed-end funds.
This increased to 32% in 2004 and 38% in 2005.
After the recession of 2001
The larger market for equity closed-end funds represented, on the one hand, greater interest in specialized portfolios such as foreign equities, real estate investment trusts, or less liquid stocks, and on the other, a general improvement in the equity market as the nation recovered from the recession of 2001.
Tags: 
Popular Articles