May 23, ICI published its 2023 Investment Company Fact Book ahead of its Leadership Summit in Washington, DC. Since 1960, the Fact Book, a compendium of the research and analysis conducted by the Institute over the previous year, has served as an important resource for the investment...
Proposed legislation would have unintended consequences for emerging economies, investors and state of New York WASHINGTON, DC, May 22, 2023 – The American Council of Life Insurers (ACLI), The Credit Roundtable, the Investment Company Institute (ICI), the International Capital Market...
ICI President and CEO Eric Pan released the following statement regarding the Securities and Exchange Commission’s (SEC) proposed enhanced safeguarding rule for registered investment advisers. “The SEC has articulated a worthy goal in its proposal to improve the integrity of investor...
ICI President and CEO Eric Pan released the following statement today after the House Financial Services Committee advanced the Improving Disclosure for Investors Act, H.R. 1807.
What’s the issue? Following the difficulties at Silicon Valley Bank (SVB), Signature Bank, and Credit Suisse in early March 2023, a number of media reports cited analysts who suggested that money market funds (MMFs) are drawing deposits away from banks, adding to stresses at banks and...
ICI and BrightScope, an ISS Market Intelligence business, released their new report The BrightScope/ICI Defined Contribution Plan Profile: A Close Look at ERISA 403(b) Plans, 2019. The report found that the wide array of nonprofits that sponsor 403(b) plans design their plans to...
Demand for lower-cost investment products, competition among the vast number of available funds, and economies of scale have driven down average expense ratios industrywide over the past quarter century. With average expense ratios declining again in 2022, investors will continue to...
Mutual funds have been foundational to American retail investing for almost a century. They democratised investing, presenting the first effective way for the middle classes to pool assets to achieve market returns. But the US Securities and Exchange Commission has proposed a...
Last week, in a major speech given at a time when financial regulators are managing a banking crisis, U.S. Treasury Secretary Janet Yellen pointed the finger at open-end funds and money market funds as posing risks to the financial system. ICI is happy to talk facts about the many...
ICI President and CEO Eric Pan released the following statement after ICI submitted comments on the SEC’s proposed rules on market structure: “Millions of American investors, and their funds and advisers, rely on the U.S. capital markets to provide effective investment options. As the...
