Financial Stability and Asset Management: What’s at Stake? Dinner Remarks Boston University/ICI Conference on Financial Stability and Asset Management Paul Schott Stevens President and CEO Investment Company Institute March 10, 2015 Boston Thank you, Con, for hosting us here tonight...
In a recent blog post discussing why we believe flows from long-term mutual funds do not pose risk to the financial system, we posted a chart showing that outflows from bond funds are modest even during periods of stress in the financial markets.
ICI Statement on Financial Stability Board Consultation to Examine Investment Funds and Asset Managers Washington, DC, March 4, 2015— ICI President and CEO Paul Schott Stevens made the following statement in response to the Financial Stability Board’s second consultation on a...
As the Wall Street Journal noted this morning, ICI has deep concerns about the data used in a White House memorandum to support the Department of Labor’s push for tighter standards for financial advisers who help investors in employer plans—such as 401(k)s—and individual retirement...
The Federal Reserve System can’t get past its perplexities on the role of mutual funds in financial stability. Time and again, the Fed’s governors, regional presidents, and staff return to the same hypothetical risks and speculative scenarios in which mutual funds somehow pose a...
ICI Encourages Participation in “America Saves Week” Data Highlight Role of Mutual Funds in Savers’ Planning Washington, DC, February 23, 2015—To mark the 2015 national “ America Saves Week,” the Investment Company Institute (ICI) is encouraging Americans to assess their personal...
ICI Statement on Fiduciary Standard Rule Washington, DC, February 23, 2015— ICI President and CEO Paul Schott Stevens made the following statement in response to President Obama’s remarks today about the forthcoming Department of Labor’s re-proposed fiduciary duty rule. “America’s...
The Best Days Lie Ahead By Paul Schott Stevens (As published in Funds Europe , 20 February 2015) During the past two decades, the regulated fund industry has experienced tremendous growth. According to ICI Global research, global assets in mutual funds have increased from $4 trillion...
In two previous ICI Viewpoints posts, I discussed the muted response of investors in long-term funds―which invest primarily in stocks, bonds, or both―to financial stresses, and examined some of the characteristics of funds and their investors that help explain that muted response.
