Investing is subject to many misconceptions, including the notion that only wealthy households own mutual funds. As US households' ownership of mutual funds has grown over the past four decades, the need to correct myths about who owns mutual funds has also grown....
403(b) Plans Offer Diverse Range of Investment Options New BrightScope/ICI research also shows high employer contribution rate Washington, DC; December 6 , 2018 —The average large 403(b) plan subject to the Employee Retirement Income Security Act of 1974 (ERISA) offered 27 “core”...
Following the Evidence on Funds and Financial Stability Paul Schott Stevens President and CEO Investment Company Institute 6 December 2018 “Asset Management and Financial Stability: Ten Years from the Crisis” Center for the Study of Financial Innovation The Wax Chandlers Hall, London...
Proponents of the common ownership hypothesis presume that the economic debate over the competitive effects of institutional investing is settled. But a new paper from Douglas H. Ginsburg, judge on the US Circuit Court of Appeals for the District of Columbia Circuit, and Keith Klovers...
A version of this letter by ICI President and CEO Paul Schott Stevens was released in the Institute's 2018 Annual Report. Fund industry watchers will remember this year as one of important policy developments, including some that have been the subject of years of debate. The...
This month marks the fortieth birthday of the most prevalent retirement plan available to workers today: the 401(k). It's a milestone, to be sure, but there are no mid-life doldrums here—401(k) plans continue to grow, and currently hold $5.3 trillion in assets on behalf of more than...
In his first public remarks as a member of the Federal Trade Commission, Commissioner Noah Joshua Phillips tackled what he called "the common ownership story"—and concluded that "this 'economic blockbuster' seems a little light on plot." And like many other experts, Commissioner...
In a new paper, scholars Thomas A. Lambert and Michael E. Sykuta find that proponents of the common ownership hypothesis don't understand—or even attempt to consider—the actual economic interests and incentives of asset managers and their fund clients....
ICI Defined Contribution Plan Recordkeeper Data Show Continued Commitment to Retirement Saving Washington, DC, November 29, 2018—Americans continued to save for retirement through defined contribution (DC) plans over the first half of this year, according to ICI’s “ Defined...
Mutual Fund Investors Represent Wide Range of Ages and Income Levels Shareholders trust funds to help them save for retirement Washington, DC; November 20, 2018—Individuals across all income levels and generations own mutual funds, according to new survey results released today by the...
