ICI: FSOC Seeking “Pretexts” to Designate Funds Washington, DC, April 24, 2014 - ICI President and CEO Paul Schott Stevens made the following statement in response to media reports that the Financial Stability Oversight Council (FSOC) has stepped up its review of major asset managers...
ICI Defined Contribution Plan Recordkeeper Data Show Continued Commitment to Retirement Saving Washington, DC, April 23, 2014 - ICI’s latest study of retirement plan savers’ actions, based on defined contribution (DC) plan recordkeeper data covering nearly 24 million DC plan...
The March money market fund holdings data indicate a large drop in the share of fund assets allocated to European counterparties and a large increase in the share of fund assets allocated to U.S. counterparties. This shift is likely temporary and reflects reduced willingness of...
ICI: G-SIFI Designation of Regulated Funds Unnecessary and Inappropriate, Would Harm Investors FSB Focus on Size Alone Misplaced; Leverage Is Critical in Determining Risk Washington, DC, April 8, 2014 - Designation of regulated funds like US mutual funds as “global systemically...
In early January, the Financial Stability Board (FSB)—an international group of financial authorities—published a consultation paper on the issue of systemic risk and investment funds.
Today, ICI President and CEO Paul Schott Stevens made the following comment in response to a speech by Andy Haldane, currently executive director of the Bank of England and slated to become its chief economist in June.
Are Americans Preparing Adequately for Retirement? By Paul Schott Stevens (As published in The Hill , April 3, 2014) Every day, thousands of Baby Boomers enter retirement, while thousands of members of an equally large generation—the Millennials—enter the workforce. How well the Baby...
Money Flowing into Closed-End Funds Remained Steady in 2013 After Several Years of Increases Equity Closed-End Fund Assets Comprise Growing Share of Total CEF Market Washington, DC, March 28, 2014 - Money flowing into closed-end funds (CEFs)—net new issuance—remained steady from 2012...
The Investment Company Institute (ICI) is releasing today its modernized investment objective classifications for open-end mutual funds, reflecting current market practices and maintaining consistency in its industry data series.
