48 Percent of U.S. Households Owned Mutual Funds in July; Ownership Grew Inside Retirement Plans, Declined Outside of Plans Washington, DC, December 2, 2003 - On the heels of a bear market that lasted from 2000 to 2002, mutual fund ownership declined slightly in a 12-month period that...
ICI Responds to SRO Comments by Attorney General Spitzer Washington, DC, November 21, 2003 - Today, Dow Jones Newswires reported that New York Attorney General, Eliot Spitzer said the Investment Company Institute was a self-regulatory association regulating the mutual fund industry...
November 19, 2003 The Editors The Wall Street Journal 200 Liberty Street New York, New York 10281 Dear Editors: You’re not alone in believing that “fair value” pricing will help prevent future trading abuses involving mutual funds. (“The Price of Mutual Funds,” Nov. 19). Mutual fund...
ICI President: “Shocking Betrayal of Trust” “Those Found to Have Violated Criminal Laws Should Be Sent to Prison” Washington, DC, November 18, 2003 – Investment Company Institute President Matt Fink said today, that he is “…outraged by the shocking betrayal of trust exhibited by some...
ICI Urges Specific Changes to Combat Trading Abuses Measures Cover Late Trading, Abusive Market Timing, Ethics Codes, Other Matters Washington, DC, November 3, 2003 -The Investment Company Institute today identified to Congress a series of reform initiatives to combat trading abuses...
Mutual Fund Leaders Call For Fundamental Reforms to Address Trading Abuses Washington, DC, October 30, 2003 - The Investment Company Institute today recommended that fundamental reforms be undertaken to combat trading abuses that have been revealed at some fund companies. The...
ICI Issues Statement on SEC Chairman Donaldson’s Action on Late Trading and Market Timing of Mutual Funds Washington, DC, October 9, 2003 - The following is a statement from Investment Company Institute Chairman Paul G. Haaga, Jr.: “The ICI strongly supports Chairman Donaldson’s plan...
ICI Releases Comprehensive Look at College Savings Patterns Washington, DC, October 7, 2003 - The Investment Company Institute today released Profile of Households Saving for College, the first comprehensive examination of the college savings behavior of parents with children age 18...
ICI Board Recommends Two New Governance Standards; Urges Universal Adoption of 17 Best Practices for Mutual Fund Directors Washington, DC, October 7, 2003 - The Investment Company Institute’s Board of Governors last week acted to enhance and strengthen the independence and...
ICI Study Finds IRA Ownership Continues to Grow Roth IRAs Increase 21 Percent Washington, DC, October 8, 2003 - More U.S. households today are investing in Roth Individual Retirement Accounts (IRAs) than a year ago, according to updated research released by the Investment Company...
