As US and global stock markets churned in December, the press took note of ICI’s reports on outflows from US long-term mutual funds and drew a hasty conclusion: individual fund investors were fleeing from market turmoil. But weighing flows against total assets is the first step to...
IDC is well known for its education and outreach programs—and it’s not hard to see why. Year after year, they provide fund directors with opportunities to hone their craft and connect with one another, equipping them with the tools they need to thrive in their oversight role for the...
ICI Mourns the Passing of Vanguard Founder Jack Bogle Washington, DC; January 16, 2019— Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement on the passing of John C. “Jack” Bogle, founder of the Vanguard Group and former chairman...
ICI Hires Kathleen L. Mellody as Senior Government Affairs Officer Washington, DC; January 7, 2019—The Investment Company Institute (ICI) has named Kathleen L. Mellody as senior government affairs officer. Before joining ICI, Mellody served as head of federal affairs at The Hartford...
Financial stability concerns are being inflated by confusion over what the funds in question actually hold. In fact, these funds invest nearly half their assets in Treasury and agency securities, and less than one-third in corporate bonds. In other words, these funds hold more in...
With the S&P 500 on a downward trajectory since early October, we've seen many headlines in the financial press of an impending bear market in US stocks and the potential for retrenchment by investors. But just as we showed that bond investors aren't stampeding the exits in another...
Recent outflows from bond mutual funds have drawn press attention and revived concerns among regulators about the impact of bond fund investors' actions on the broader bond market. Unfortunately, this attention is rooted in misconceptions—as we'll show using ICI's comprehensive data...
ICI Statement on House Passage of the Retirement, Savings, and Other Tax Relief Act of 2018 Bill includes bipartisan provisions to expand savings for workers, aid shareholders; additional work needed to preserve flexibility on lifetime income disclosure Washington, DC; December 20...
Rollovers Often Are Key in Traditional IRA Ownership Washington, DC, December 19, 2018—The majority of US households with traditional individual retirement accounts (IRAs) indicated their traditional IRAs included rollovers from workplace retirement plans, according to a survey...
Long-term interest rates reached their lowest recorded levels in July 2016 and were on a steady upward trend until early December. Rates dipped recently, but that could be short-lived if global trade tensions ease and the outlook for economic growth remains robust. Investors should be...
