November 1, 2023—According to new research published by the ICI, 54.4 percent of households in the United States owned funds such as mutual funds or ETFs in 2023. ICI’s latest reports “Characteristics of Mutual Fund Investors, 2023” and “Ownership of Mutual Funds and Shareholder...
October 31, 2023—ICI President and CEO Eric Pan released the following statement regarding the Department of Labor's (DOL) proposed rule updating the definition of an investment advice fiduciary under the Employee Retirement Income Security Act (ERISA)...
October 25, 2023—Closed-end funds (CEFs) trying to fend off hostile hedge funds and other activist investors are facing another headwind from an unexpected corner: proxy advisory firms.
October 19, 2023—UCITS investors continue to benefit from lower ongoing charges, according to an updated report from the Investment Company Institute (ICI)—Ongoing Charges for UCITS in the European Union, 2022. This year’s report will help inform European policy makers as they...
October 13, 2023—ICI General Counsel Susan Olson released the following statement regarding the Securities and Exchange Commission’s (SEC) vote to adopt new rules regarding reporting of securities loans and short sale disclosure.
October 12, 2023—ICI Deputy General Counsel for Markets, SMAs & CITs Sarah Bessin released the following statement regarding the Commodity Futures Trading Commission’s (CFTC) proposed amendments to its margin requirements for uncleared swaps, which would address the treatment of...
October 11, 2023—ICI President and CEO Eric Pan released the following statement regarding the Securities and Exchange Commission’s (SEC) proposed predictive data analytics and conflicts of interest rule that would send investing back to the Stone Age.
October 10, 2023—A new report from the Independent Directors Council (IDC) and Investment Company Institute (ICI) illustrates the strong independence of fund boards and their focus on serving shareholder interests. The Overview of Fund Governance Practices, 1994-2022 additionally...
October 9, 2023—As financial services firms around the world institute processes and procedures to align with T+1 implementation in the United States, Canada, and Mexico, the industry should seize this opportunity to establish one-day settlement as the next global standard.
