In May, the US and Canada moved from settling securities transactions two days after a trade to one. This shift to ‘T+1’ was a resounding success. The EU should follow suit.
October 16, 2024—IDC announced today that its Governing Council has elected William R. Ebsworth as chair and Cynthia R. Plouché as Chair Emeritus for the 2025 fiscal year.
October 16, 2024—The Board of Governors of ICI elected George Walker, Chairman and CEO of Neuberger Berman, to a second year as Chair of the ICI Board of Governors, and Yie-Hsin Hung, President and CEO of State Street Global Advisors, to a second year as Vice Chair. Chair and Vice...
October 14, 2024—Target date funds (TDFs) have steadily become a mainstream option among retirement investors, with some academics describing TDFs as “one of the most important financial innovations for the typical American retail investor” in recent decades.
October 14, 2024—The European Union T+1 Industry Task Force published a report supporting a move to an accelerated securities settlement cycle (trade date plus one business day, or T+1).
October 1, 2024—ICI announced that Rochelle “Shelly” Antoniewicz will become ICI’s new chief economist effective today. Sean Collins, ICI’s prior chief economist, will become a senior advisor. ICI also announced that Shane Worner has moved to ICI’s Washington, DC, office to become the...
October 1, 2024—In late September, ICI convened more than 650 professionals in sunny Boca Raton for the 2024 Tax and Accounting Conference. The annual event connects leading experts in asset management, law, and accounting with top regulators for important conversations on tax policy...
This year marks a historic anniversary. It has now been 100 years since the creation of the first US mutual fund. That was a pivotal moment for individual retail investors and the American economy. But it was more than that—so much more. I would argue that the mutual fund is the most...
