November 15, 2024—Just as publicly traded companies do, mutual funds, ETFs, and closed-end funds periodically submit items to their shareholders for approval, including director nominations and other policy and governance matters. Shareholders typically vote by proxy, rather than in...

September 3, 2024—ICI submitted its response to the Financial Crimes Enforcement Network proposed amendments that would enhance anti-money laundering/countering the financing of terrorism program requirements for financial institutions already subject to AML/CFT requirements...

October 31, 2024—According to new research published by the Investment Company Institute (ICI), 53.7 percent of households in the United States owned mutual funds in 2024 compared with 52.3 percent in 2023 and just 5.7 percent in 1980. ICI’s latest reports, “Ownership of Mutual Funds...

October 31, 2024—Over the past year, 2.3 million more US households became mutual fund investors. Surprised? Despite headlines forecasting the demise of the mutual fund, the product continues to garner new investors, even a century after its creation.