Closed-End Funds Content

Regulators and investors alike are taking a new look at interval funds, and ICI has responded by leading a new industry effort to modernize their distribution. In the January 31, 2020, edition of Focus on Funds, Jeff Naylor, ICI director of operations and distribution, discusses this...

Closed-end funds are in vogue once again. Legislators, regulators, and fund sponsors are turning to the structure as a promising vehicle for retail investment and capital formation. And recent government actions are positive steps that can lead to a deeper pool of closed-end funds...

• • • • • • • • • Figure 1 Inflation Has Moved Many More Tax Returns over the $200,000 Income Threshold Percentage of tax returns reporting Adjusted Gross Income of $200,000 or more, tax years 1982–2016 Note: Data from 1982 through 2015 are from Justin Bryan, “High-Income Tax Returns...

Despite the market downturn in 2018, investor demand for closed-end fund shares remained positive. In the June 28, 2019, edition of Focus on Funds, ICI Associate Economist James Duvall highlights key trends from ICI’s recent market report.

19_ppr_interval_funds.pdf

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Fund firms that offer interval funds—a type of closed-end fund that periodically offers to repurchase a portion of its shares—face unique operational challenges. To address these, ICI's Broker-Dealer Advisory Committee recently launched the Working Group on Interval Funds. The working...

ICI’s analysis of the 2017 closed-end fund market reveals a diverse, lively, and growing role for this investment product. In the August 10, 2018, edition of Focus on Funds, ICI Economist Morris Mitler examines the key trends and what is driving them.

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