A Brief Overview of the Closed-End Fund Industry

  • Seth C. Anderson
  • Jeffery A. Born
Part of the Innovations in Financial Markets and Institutions book series (IFMI, volume 13)


In our first volume we present an abbreviated history of the development of closed-end funds (CEICs), touching several of the pioneering organizations. Here, we provide a brief overview of the closed-end fund industry in the United States. We attempt this via a brief history and some statistics about CEICs currently existing. We caution that some information prior to 1950 is difficult to obtain. In addition, organizations that were once considered “funds” or “trusts” would no longer be considered as such under the Investment Company Act of 1940 or its 1950 amendments. We have made every effort to be accurate in the compilation of the following data.


Investment Company Debt Security Chartered Organization Bond Fund World Income 
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Copyright information

© Springer Science+Business Media Dordrecht 2002

Authors and Affiliations

  • Seth C. Anderson
    • 1
  • Jeffery A. Born
    • 2
  1. 1.Department of Accounting and FinanceUniversity of North FloridaUSA
  2. 2.College of Business AdministrationNortheastern UniversityUSA

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