Vanguard Chairman and CEO Bill McNabb sent “an open letter to all mutual fund investors” in the opinion pages of Thursday’s Wall Street Journal. His message: fund investors face a clear threat of higher costs, weaker returns, and a bailout tax to salvage other failing financial...
We all have a moral compass. But for PepsiCo’s Indra Nooyi, “the moral compass of our lives must also be the moral compass of our livelihoods.” Stirring words from the company’s chair and chief executive—and just a few of the many she delivered in a lively Q&A with Vanguard Chairman...
Chairman’s Address 57th Annual General Membership Meeting F. William McNabb III Chairman and CEO Vanguard May 6, 2015 Washington, DC As prepared for delivery. Thank you, everyone. And good afternoon. Thank you to George Gatch for that very nice introduction. I’d also like to thank...
Looking Back, Looking Forward: 75 Years of Leadership ICI Leadership Dinner 57th Annual General Membership Meeting Paul Schott Stevens President and CEO Investment Company Institute May 6, 2015 George Washington’s Mount Vernon Remarks given by ICI President and CEO Paul Schott Stevens...
ICI at 75: Facing the Future 57th Annual General Membership Meeting George C.W. Gatch Chair, GMM Planning Committee CEO, Global Funds Management, JP Morgan Asset Management May 6, 2015 Marriott Wardman Park Hotel Washington, DC As prepared for delivery. Good afternoon! Welcome to the...
Over the 75-year history of the modern mutual fund industry, funds have helped to democratize investing, providing a tremendous array of investing options at a reasonable cost for millions of people. And given rapid advances in technology and the efficiencies that they can bring, the...
A version of this letter by ICI Chief Economist Brian Reid was released today in our 55th edition of the Investment Company Fact Book. This year marks the 75th anniversary of the Investment Company Act and the Investment Advisers Act—the key statutes under which mutual funds, exchange...
ICI Hires Matthew Beck to Lead Media Relations Washington, DC, May 4, 2015—The Investment Company Institute has named Matthew Beck as senior director, media relations, responsible for all media and public relations. Beck, who will serve as a principal public spokesperson for the...
Washington, DC, April 30, 2015—Total assets of closed-end funds (CEFs) increased to $289 billion at year-end 2014, up $10 billion from year-end 2013. Demand for new bond CEF shares, however, slowed substantially during the same time frame, according to an updated annual study released...
ICI Recordkeeper Data Show Retirement Plan Participants Tend to Stay the Course Washington, DC, April 29, 2015—ICI’s latest study of retirement plan savers’ actions shows Americans’ continuing commitment to saving for retirement. The study, “ Defined Contribution Plan Participants’...
