ICI Applauds SEC Effort to Help Investors Calculate Mutual Fund Costs Washington, DC, April 6, 1999 - The new interactive, web-based mutual fund fee calculator announced today by the Securities and Exchange Commission (SEC) is a useful tool to help investors easily compare the fees...
ICI Mutual Strengthens Insurance Coverage for Independent Directors Washington, DC, April 1, 1999 - ICI Mutual Insurance Company, the mutual fund industry’s insurer, today announced that it has revised its liability insurance policy to provide mutual fund independent directors with...
Investment Company Institute Appoints Advisory Group to Consider Best Practices for Fund Directors Washington, D.C. March 22, 1999 - The Investment Company Institute today announced the formation of the Advisory Group on Best Practices for Fund Directors, comprised of independent...
Institute President’s Keynote Address at the 1999 Mutual Funds and Investment Management Conference by Matthew P. Fink President, Investment Company Institute March 22, 1999 Palm Desert, California Good morning. It is a great honor to share the stage with Chairman Levitt. The Chairman...
ICI Urges Simplified Rules and Universal Availability for IRAs Washington DC, February 24, 1999 - The traditional IRA and the new Roth IRA have encouraged many Americans to save for retirement. Both programs could be made more effective with simplified rules and universal availability...
ICI Issues Statement on SEC’s Fund Governance Roundtable Washington, DC, February 23, 1999 - The following is a statement from Investment Company Institute President Matthew P. Fink regarding the Securities and Exchange Commission roundtable on the role of independent investment...
Study Finds Significant Drop in Total Cost of Fund Ownership Since 1980 Washington, DC, February 16, 1999 - The total cost of investing in bond funds decreased by 25 percent between 1980 and 1997, according to a study published by the Investment Company Institute, the national...
Institute President Matthew P. Fink on Independent Fund Directors Text of sound bite: "Since 1940, this industry—having grown from $400 million to five and a half trillion—has not had a major self-dealing scandal…and my guess is it’s the independent directors who have prevented that...
Institute Chairman John J. Brennan Speaks on Y2K Text of sound bite: "Year 2000 compliance has been and very much is a huge issue for us for years as an industry. The industry’s been deeply involved, the Institute’s been deeply involved in cross-industry compliance, testing, and...
Institute President Matthew P. Fink on Costs of Investing Text of sound bite: "The paper shows a substantial decrease in mutual fund equity total cost from 1980 to today, dropping from about 2.25 percent a year to 1.49 percent a year. Investors are smart and they have moved over time...
