CEF Weekly Review: The 13 closed end fund (CEF) types on average posted a 1.4% increase for the week ending 12/04/09. On an aggregate, unweighted basis, the weekly average price change for the 496 CEFs increased 1.6%.

The weighted 49 CEFs comprising the Claymore CEF Index registered an average advance of 0.6% for the week. The S&P 500, as measured by the SPDR S&P 500 ETF (SPY), was up 1.3% on a 40% increase in volume over the previous holiday shortened week.