The performance of 78 percent of the approximately 500 existing closed-end funds will most likely soon be published daily, providing a boost to the popularity of the product.

The Securities and Exchange Commission approved a National Association of Securities Dealers (NASD) rule last month that all closed-end funds with assets of $75 million or more may report their net asset value (NAV) daily to the Nasdaq stock market's Mutual Fund Quotation System (MFQS) for newspaper publication. MFQS historically has collected daily price information for open-end and money market funds. Nasdaq then provides that information to newspapers and others who publish it.

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