Total closed-end fund assets increased $1.61B during the second quarter. Equity fund assets decreased by $1.5B to $96.21B, and bond fund assets increased by $3.11B to $153.39B, according to the Investment Company Institute.

There were 630 closed-end funds at the end of the second quarter, compared to 632 at year-end 2011. Bond funds numbered 420 and equity funds totaled 210 at the end of the quarter, the ICI reported.

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