Sustaining Asset Management’s Global Momentum ALFI Global Distribution Conference Paul Schott Stevens, President and CEO Investment Company Institute September 27, 2011 Kirchberg, Luxembourg As prepared for delivery Thank you, and thanks to ALFI for giving me the opportunity to appear...
ICI Research: Age-Appropriate Asset Allocation Typical in Traditional IRAs Washington, DC, September 19, 2011 - Investors in traditional IRAs are, for the most part, investing age appropriately, with younger investors tending to have a higher proportion of their accounts allocated to...
On July 22, the United States Court of Appeals for the District of Columbia Circuit vacated the proxy access rule adopted by the Securities and Exchange Commission (SEC) last year. The court found that the SEC had failed to adequately assess the economic effects of the rule and noted...
In June, we wrote about the indirect exposure that U.S. prime money market funds have to European sovereign debt, especially Greek debt, through their holdings of securities issued by European banks. At that time, we noted that these funds had no direct exposure to Greek sovereign...
In a positive development for fund shareholders, the Department of the Treasury and the Internal Revenue Service have issued new cost basis reporting rules that enhance a fund’s ability to provide shareholders with average cost basis information. Fund shareholders have become quite...
A recent New York Times editorial misrepresents the behavior of 401(k) investors to present an inaccurate portrayal of the risks that Americans face in preparing for retirement. The editorial’s implicit assumption that all 401(k) balances are fully invested in stocks is wrong...
All eyes were on the markets in early August just after Standard & Poor’s Corp. downgraded the long-term sovereign credit rating on the United States of America to AA+ from AAA and as Europe’s ongoing fiscal challenges dominated the news.
