February 24, 1999 Jonathan G. Katz Secretary Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549 Re: File No. SR-NYSE-99-02 Dear Mr. Katz: The Investment Company Institute 1 appreciates the opportunity to comment on the proposed rule change filed by the New...
ICI Issues Statement on SEC’s Fund Governance Roundtable Washington, DC, February 23, 1999 - The following is a statement from Investment Company Institute President Matthew P. Fink regarding the Securities and Exchange Commission roundtable on the role of independent investment...
Study Finds Significant Drop in Total Cost of Fund Ownership Since 1980 Washington, DC, February 16, 1999 - The total cost of investing in bond funds decreased by 25 percent between 1980 and 1997, according to a study published by the Investment Company Institute, the national...
Institute President Matthew P. Fink on Independent Fund Directors Text of sound bite: "Since 1940, this industry—having grown from $400 million to five and a half trillion—has not had a major self-dealing scandal…and my guess is it’s the independent directors who have prevented that...
Institute Chairman John J. Brennan Speaks on Y2K Text of sound bite: "Year 2000 compliance has been and very much is a huge issue for us for years as an industry. The industry’s been deeply involved, the Institute’s been deeply involved in cross-industry compliance, testing, and...
Institute President Matthew P. Fink on Costs of Investing Text of sound bite: "The paper shows a substantial decrease in mutual fund equity total cost from 1980 to today, dropping from about 2.25 percent a year to 1.49 percent a year. Investors are smart and they have moved over time...
Institute Chairman John J. Brennan on Investor Awareness Text of sound bite: " Investor awareness is really a major concern of the Institute and the industry. Together I think we’ve made a lot of progress in trying to improve investor awareness and understanding of mutual funds. One...
January 26, 1999 Jonathan G. Katz Secretary Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549 Re: File No. SR-NASD-98-85 Dear Mr. Katz: The Investment Company Institute 1 appreciates the opportunity to comment on the proposed rule change filed by the...
