Fuse Blog

Closed-End Fund Product Trends

  • Over the past few years, the number of closed-end fund launches and average assets raised has steadily increased. Income-focused strategies have been the driver of this growth.
  • These strategies come in two flavors: taxable and tax-advantaged.
  • Taxable income strategies have raised nearly $5B since the start of 2018 across 11 funds. The largest from this group is the DoubleLine Yield Opportunities Fund which raised $920M during 2020.
  • Tax-advantaged products have raised $3.8B across eight funds. Cohen & Steers Tax-Advantaged Preferred and Income Fund which raised $1.25B in 2020 was the largest among the tax-advantaged strategies.
  • 6 22 blog chart