“America Saves Week” kicks off this Sunday, February 20. ICI and the ICI Education Foundation(ICIEF) encourage Americans to use the week as an opportunity to assess their savings activity and savings goals.
In recent weeks, two top newspapers have published commentary from ICI members who make a compelling case for preserving the fundamental strengths of money market funds. We’ve pulled out a few highlights below, but both items are worth reading in their entirety.
ICI Encourages Participation in “America Saves Week” Washington, DC, February 14, 2011 - The Investment Company Institute, the national association of mutual funds and other investment companies, is encouraging Americans to assess their personal savings and set a savings goal as part...
Back in December, we commented on the Securities and Exchange Commission’s proposed new whistleblower rules, expressing ICI’s serious concerns about the unintended consequences that will likely result from the program.
When is a person a fiduciary by virtue of providing investment advice to a retirement plan or its participants? That’s the question we addressed in a letter filed yesterday with the Department of Labor (DOL), which issued a proposal last October to revise its interpretation of the...
Retirement Assets Total $16.6 Trillion in Third Quarter Washington, DC, January 31, 2011 - Americans held $16.6 trillion in retirement assets at the end of the third quarter of 2010, accounting for 36 percent of all household financial assets in the United States, the Investment...
Following the start of the financial crisis, we began closely monitoring the behavior of investors in defined contribution retirement (DC) plans, as well as the views of U.S. households of those plans.
ICI Study: Some U.S. Households Making More Conservative Financial Decisions Since 2008 Economic Downturn Survey Also Shows Continued Confidence in 401(k) System, Commitment to Saving Washington, DC, January 27, 2011 - During the past three years of stressed economic conditions and...
Today, we released new research, Pricing of U.S Money Market Funds. This paper starts by explaining how U.S. money market funds seek to maintain a stable $1.00 per share net asset value (NAV). The NAV is the price at which investors purchase or redeem shares.
Money Market Funds’ “Shadow Prices” Fluctuate Regularly; Historical Data Show Limited Movement A Variety of Factors Can Affect Funds’ Portfolios Washington, DC, January 25, 2011 - Forthcoming disclosures are likely to increase investors’ awareness of money market funds’ portfolios and...
