- 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.
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- June 22, 2021