To encourage people to save, federal and state governments offer special tax treatment for savings plans for specific goals, such as retirement and education. By increasing the benefit that savers receive in the short term, the government nudges savers to take a positive action that...
Vast Majority of Investors Consider Fees and Expenses When Selecting Mutual Funds Mutual Fund Investors Also Review Historical Performance of the Fund Washington, DC; April 7, 2020—The vast majority of mutual fund investors consider fees and expenses when selecting a fund, according...
We’ve reached the halfway point in this series, and we’ve covered a lot of ground: the benefits of investing, how to think about risk, different types of investments, why diversification is important, and dollar-cost averaging. This month’s installment brings all these topics together...
Paul Schott Stevens, president and CEO of the Investment Company Institute, issued the following statement after President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act:
Expense Ratios of Actively Managed and Index Funds Have Declined for More Than Two Decades Washington, DC; March 26, 2020—The average expense ratios of equity, hybrid, and bond mutual funds—including both actively managed and index equity and bond mutual funds—have declined...
Paul Schott Stevens, president and CEO of the Investment Company Institute, issued the following statement after the US Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act:
Key personnel of mutual fund sponsors and service providers should be deemed “essential workers” and thus should be permitted to report to work to maintain security and services for fund investors. Two key developments over the weekend offered some hope that state governors will hear...
As governments consider extending orders to “shelter in place,” they must include staff of fund companies among the “essential” workers who qualify for an exemption. Fund company staff are very much part of the country’s critical infrastructure, and they must be able to offer their...
Paul Schott Stevens, president and CEO of the Investment Company Institute, issued the following statement on the operation of global financial markets:
