Over the last year, U.S. money market funds have significantly reduced their holdings of debt securities issued by banks and other businesses headquartered in the 17 countries that use the euro as their currency. That trend continued in November.
In the United States, money market funds are governed by tight risk-limiting rules, rules that have become considerably tighter since 2008. The Securities and Exchange Commission (SEC) has indicated further changes are forthcoming. Yet some recent commentary and reporting on money...
Private-Sector Retirement Income More Prevalent over Time Study Examines Evolution of Retirement Income Since 1974 ERISA Washington, DC, December 6, 2011 - A study released today by the Investment Company Institute found that across all income groups, retirement income from private...
“Our Shared Mission: Ensuring That Global Markets Work for Investors” Opening Remarks 2011 Equity Markets Conference Karrie McMillan General Counsel Investment Company Institute December 6, 2011 New York Marriott Downtown New York, NY As Prepared for Delivery Good morning, everyone. I...
Reporters, academics, and others who are unfamiliar with investment companies sometimes question the unusual structure of fund boards. Unlike operating companies—where each company as a rule is overseen by its own board—multiple funds in a complex typically share common boards. In...
In October, we discussed how portfolio managers of U.S. prime money market funds have addressed the ongoing debt crisis in the eurozone. Here is a look at the latest monthly data on these funds’ holdings by home country of issuer. We will revisit the topic in mid-December with updated...
On behalf of funds and the 90 million investors that they serve, fund industry leaders are sending a simple but urgent message to Congress and the White House: the time has arrived to put America’s fiscal house in order. Thirty executives of companies represented on ICI’s Board of...
Fund Industry Leaders Address Fiscal Crisis Letter Calls for ‘Responsible Action’ to Benefit Investors, Markets, Economy Washington, DC, November 21 - The Investment Company Institute today sent the following letter to the co-chairs of the Joint Select Committee on Deficit Reduction...
Majority of Traditional IRA–Owning Households Have Strategy for Managing Income and Assets in Retirement Many Traditional IRA–Owning Households Take Several Steps in Developing a Strategy Washington, DC, November 17, 2011 - Sixty-eight percent of U.S. households that own traditional...
