On Thursday, June 23, the electorate of the United Kingdom voted in a referendum on the country’s membership in the European Union. The result—51.9 percent in favor of “Brexit,” 48.1 percent in favor of “Remain”—went against pollsters’ and pundits’ expectations and surprised the world...
Retirement assets in the United States totaled $24 trillion at the end of 2015, bolstered by investments through employer-sponsored plans and individual retirement accounts (IRAs).
APAC Region’s 2015 Fund Sales Outpaced Europe, Americas New Data from ICI Fact Book Available Online Washington, DC, 7 July 2016 - For the first time, net sales of regulated open-end funds in the Asia-Pacific (APAC) region outpaced sales in Europe or the Americas, according to new...
The proper role for fund independent directors—the role where they are best-positioned to represent shareholder interests—is to oversee the work of fund management. The sharp distinction between directors’ oversight role and management’s on-the-ground, day-to-day responsibilities has...
Building an Appropriate Regulatory Framework for Remuneration of Global Fund Managers The City Remuneration Summit 2016 Dan Waters Managing Director ICI Global July 6, 2016 London As prepared for delivery. Good afternoon and thank you to City and Financial Global for the kind...
‘Easier, cheaper fund distribution would help build stronger capital markets.’ Europe is facing two related and urgent needs: bolstering economic growth and providing its citizens with efficient, lower-cost vehicles for savings and investment. One way to address both problems is to...
ICI Statement on Fair Access to Investment Research Act Washington, DC, June 24, 2016— Investment Company Institute General Counsel David Blass made the following statement on the introduction of S. 3092, the Fair Access to Investment Research Act, by Senators Dean Heller (R-NV) and...
IDC Letter to SEC Highlights Proper Role of Fund Boards Letter Outlines Approach to Limiting Directors’ Responsibilities Under SEC Rules to Fund Oversight Washington, DC, June 23, 2016 - The proper governance role of fund independent directors is oversight, not management, the...
ICI Responds to Financial Stability Board Report Washington, DC, June 22, 2016— Investment Company Institute President and CEO Paul Schott Stevens today issued the following statement in response to the report by the Financial Stability Board (FSB), Proposed Policy Recommendations to...
