In 2011, Investors Paid Lower Average Expense Ratios for Equity, Bond, and Hybrid Mutual Funds Several Factors Contribute to the Continuation of the Overall Trend Washington, DC, April 23, 2012 - Investors paid on average lower expense ratios in 2011 than in 2010 for long-term mutual...
In October and December, we discussed how portfolio managers of U.S. prime money market funds have addressed the ongoing debt crisis in the eurozone. In February, we responded to commentators’ suggestions that U.S. prime money market funds’ increase in eurozone holdings in January...
Today I submitted the following letter to the editor of the Washington Post: Without a doubt, our federal securities laws and the regulations that implement them may be improved and are worthy subjects for journalistic scrutiny. David Hilzenrath wasted an opportunity to advance that...
Washington Post Mischaracterizes the Strongest Federal Securities Law ICI President and CEO Paul Schott Stevens comments on an article in the Washington Post article published April 19, 2012: Without a doubt, our federal securities laws and the regulations that implement them may be...
Over the past year, several news stories have focused on stock market volatility, particularly the price swings that occur in the hour prior to the U.S. market’s 4:00 p.m. close. “What’s Behind That Wild Final Hour of Trading?” asked CNNMoney last November.
U.S. Treasurers Will Leave Money Market Funds Should the SEC Change Regulation, According to Treasury Strategies Study Washington, DC, April 19, 2012 - U.S. treasurers report that they will sharply reduce their use of money market funds if the Securities and Exchange Commission (SEC)...
ICI and the U.S. Chamber of Commerce have joined together in a legal challenge to a rule by the Commodity Futures Trading Commission (CFTC). We are asking the U.S. District Court for the District of Columbia to vacate and set aside the CFTC’s recent amendments to its Rule 4.5.
As gasoline prices approach a national average of $4 per gallon, the role that financial investment flows into commodities markets play is once again in focus. In a forthcoming paper, I examine the relative importance of economic fundamentals and financial investment flows in...
ICI and U.S. Chamber of Commerce File Lawsuit Challenging CFTC Rule New rule imposes redundant regulation on registered investment companies without justifying costs or benefits Washington, DC, April 17, 2012 - The Investment Company Institute and the U.S. Chamber of Commerce today...
