The American Stock Exchange is working actively to wrest some of the close-end fund business from the Big Board, Dow Jones Newswires reports. The new battle between the exchanges echoes their fight for exchange traded funds, as Mutual Fund Market News reported last summer.

At a time when new listings are hard to come by, Amex is looking at whatever ways it can to win business from the New York Stock Exchange, Dow Jones reports. Last year, 77 new closed-end funds came to market, raising $15 billion, according to Lipper.

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