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Second annual report on unlisted closed-end funds released






unlisted closed-end fundsAt UMB Fund Services (UMBFS), we partnered with FUSE Research Network to release the second annual comprehensive report on unlisted closed-end funds (CEFs), including interval and tender-offer funds.

We decided to release a new report this year, because we believe there is more opportunity to explore the interval fund space, and our report is one of the only comprehensive looks at this product type. Our team at UMBFS has more than 20 years of experience in this area, and our partnership with FUSE allows us to not only inform our clients, but the entire industry, as these products continue to develop and become more sophisticated.

The study includes a number of funds and rankings, sizing of the overall unlisted CEF marketplace, and several unique funds offered and in registration.

 Key findings from the report:

* The size of the unlisted CEF market has grown steadily since 2014, ending 2017 at approximately $48B in assets under management.

* Interval funds continue to outpace tender-offer funds from an asset growth perspective. The number of interval funds available for purchase has increased since July 2017, while the number of tender-offer funds has decreased.

* Liquidity and lack of education were the top two challenges distributors noted with utilizing interval/tender offer funds.

 Download a copy of the second annual report: Unlisted Closed-End Funds: Platform Perspectives and Market Update

Visit our website, and follow us on LinkedIn to stay informed of the latest trends in fund administration.
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When you click links marked with the “‡” symbol, you will leave UMB’s Web site and go to Web sites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other Web sites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.