Given recent media interest in mutual fund investments in private placements, it might be helpful to review mutual fund disclosure and valuation obligations. How do funds handle securities that are not publicly traded?
Some observers have suggested that equity market volatility on August 24, 2015, spilled over into other markets and products, in particular to bond exchange-traded funds (see, for example, Bank of England Financial Stability Paper, no. 34, October 2015, pages 26 and 27). In our...
It is sadly appropriate that Labor Secretary Thomas Perez invokes fairy tales in his Nov. 16 commentary, “A path forward for state retirement plans.” Neither his version of the past nor his program for the future accord with reality.
State-Based Retirement Programs Pose Hazards for Employers, Workers More Private-Sector Tools Would Expand Access to Programs Washington, DC, November 16, 2015— ICI President and CEO Paul Schott Stevens issued the following statement in response to proposed regulations issued by the...
Millennials Are Investing at a Younger Age Compared with Earlier Generations ICI Study Finds Nearly One-Third of Millennial Households Own Mutual Funds Washington, DC, November 10, 2015—Nearly one-third of Millennial households owned mutual funds in mid-2015 according to an annual...
House Committee Passes Critical Changes to SIFI Designation Process Legislation Would Enhance Transparency and Provide FSOC Additional Tools to Mitigate Systemic Risk Washington, DC, November 4, 2015—The House Committee on Financial Services today passed bipartisan legislation to give...
ICI President CEO Comments on Retirement of Richard Ketchum Washington, DC, October 30, 2015— ICI President and CEO Paul Schott Stevens made the following statement in response to the announcement that Richard Ketchum, chairman and CEO of the Financial Industry Regulatory Authority...
ICI Statement on House Passage of the Retail Investor Protection Act Washington, DC, October 27, 2015— Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement on House passage of H.R. 1090, the Retail Investor Protection Act, sponsored...
Fund Boards Engage in Strong Governance Practices Study by IDC and ICI Shows Boards Exceed Regulatory Mandates Washington, DC, October 27, 2015—Fund boards, as a group, follow strong governance practices to best serve the interests of fund shareholders, the Independent Directors...
