ICI Study: Mutual Fund Expense Ratios Ticked Up in 2009, While Total Fees and Expenses Remained Steady Average Investor Cost Constant as Drop in Sales Charges Offsets Rise in Expenses Washington, DC, April 13, 2010 - The average expense ratios of stock funds and bond funds rose...
ICI Education Foundation Awards Additional Metro DC Investor Education Grants Washington, DC, April 8, 2010 - The Investment Company Institute Education Foundation (ICIEF) has announced two additional grants to advance investor education within the greater metropolitan Washington, DC...
Message from IDC Chair Mike Scofield about Jones v. Harris Decision On March 30, in a unanimous decision in Jones v. Harris Associates, the U.S. Supreme Court endorsed the current legal framework used by courts to assess claims of excessive fund advisory fees (commonly referred to as...
IDC Comments on Jones v. Harris Decision Court’s Ruling Recognizes Key Oversight Provided by Independent Directors Washington, DC March 30, 2010 - Michael S. Scofield, independent director of Evergreen Funds and chairman of the Independent Directors Council, issued the following...
ICI Responds to Supreme Court Decision in Jones Stevens Hails ‘Stability and Certainty’ for Funds, Directors, and Investors Washington, DC, March 30, 2010 - Today the U.S. Supreme Court announced its unanimous ruling in Jones v. Harris Associates LP. ICI President and CEO Paul Schott...
IDC Comments on Jones v. Harris Decision Court’s Ruling Recognizes Key Oversight Provided by Independent Directors Washington, DC March 30, 2010 - Michael S. Scofield, independent director of Evergreen Funds and chairman of the Independent Directors Council, issued the following...
“Weathering the Worst: Making Money Market Funds Even Stronger” President’s Address Paul Schott Stevens President and CEO Investment Company Institute Mutual Funds and Investment Management Conference Phoenix, Arizona March 15, 2010 Thank you, Jack [Lockridge, Executive Director...
ICI Encourages Participation in America Saves Week Washington, DC, February 22, 2010 - 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 of...
Keynote Address Paul Schott Stevens President and CEO Investment Company Institute National Investment Company Service Association 28th Annual Conference and Expo Miami, Florida February 15, 2010 Thank you, Theresa [Hamacher, President of NICSA], and let me offer my thanks to NICSA...
ICI Response to kaChing February 12, 2010 Andy Rachleff, President and Chief Executive of kaChing Group Inc., incorrectly asserted in a kaching.com blog post that mutual fund investors “are paying someone else’s taxes.” KaChing has also drastically overstated the fees and expenses of...
