Investment Company Institute Re-Elects Chairman, Elects Board Members Washington, DC, October 3, 2003 - The Investment Company Institute’s Board of Governors today elected Paul G. Haaga, Jr., Executive Vice President of Capital Research and Management Company, to a second consecutive...
Mutual Fund Task Forces Directed to Address Late Trading and Abusive Short-Term Trading ICI Chairman Says “Everything Is On the Table” In Protecting Mutual Fund Shareholders Washington, DC, October 3, 2003 - The Investment Company Institute’s Board of Governors today directed two...
ICI Chairman Says Mutual Funds Should Be Represented on the NYSE Board Washington, DC, October 1, 2003 – The Investment Company Institute today released two recent letters addressing issues at the New York Stock Exchange. Mutual Funds Must Have a “Greater Voice at the Exchange” to...
ICI Issues Statements on SEC Chairman Donaldson’s Congressional Testimony Washington, DC, September 30, 2003 - The following statements were issued earlier today. From Investment Company Institute Chairman Paul G. Haaga, Jr.: "We are grateful for Chairman Donaldson's leadership and...
ICI Commends SEC for Hedge Fund Report Washington, DC, September 29, 2003 - The following is a statement from Investment Company Institute President Matthew P. Fink: “We commend the SEC staff for its thoughtful report and the rigorous evaluation of hedge fund business practices that...
Executive Committee of the Board of Governors of the Investment Company Institute Statement on the Fiduciary Obligations of Mutual Funds to Individual Shareholders Regarding Late Trading, Market Timing, and Related Issues September 25, 2003 Mutual funds’ fundamental obligation is to...
ICI Applauds SEC Advertising Rules Washington, DC, September 25, 2003 - The mutual fund industry supports the action taken by the SEC. Institute President Matthew P. Fink offered the following statement: “We applaud the SEC for strengthening and improving the rules governing mutual...
Mutual Fund Leaders Pledge to “Take Whatever Steps Are Necessary” to Fulfill Obligations to Fund Shareholders SEC and NY Attorney General Commended for “Forceful Responses” to Late Trading and Market Timing Allegations Washington, DC, September 25, 2003 - Investment Company Institute...
Asset Allocation and Continued Contributions Muted Effects of Bear Market on 401(k) Balances Washington, DC, September 12, 2003 - Asset diversification and continuing contributions generally muted the effects of poor equity market performance on 401(k) accounts, according to new...
(As published in USA Today, September 9, 2003) Investors Are Our Priority by Matthew P. Fink Serving investors above all other interests is mutual funds’ first and only commandment. It’s the reason 95 million Americans became mutual fund investors. If the allegations described by New...
