The recently released EU Retail Investment Strategy (RIS) aims to advance the Capital Markets Union (CMU) and empower retail investor participation in the capital markets, including through UCITS and similar products, with a package of proposed legislative changes. ICI Global strongly...

June 8, 2023

ICI Viewpoints

First-Mover Advantage: The Theory Is Only as Good as Its Assumptions

In a recent ICI Viewpoints, we promised to briefly revisit some of the concerns we’ve long voiced about the theoretical underpinnings of the first-mover hypothesis. That is, the notion that fund investors may redeem en masse during market downturns to avoid the possibility of other...

June 7, 2023

ICI Viewpoints

Setting the Record Straight on Dilution, First-Mover Advantage, and Financial Stability Risk

Policymakers are laser-focused on a concept in open-ended funds called dilution, suggesting that it poses financial stability risks. In a nutshell, dilution occurs when fund shareholders redeem and the transaction costs of meeting those redemptions—such as bid-ask spreads or the...

June 5, 2023

ICI Viewpoints

What We Learned at the 2023 Leadership Summit

Last week, ICI’s annual Leadership Summit convened some of the most important decisionmakers in asset management and government. Amid fast-moving developments in financial markets, emerging technologies, and geopolitics, we learned how these leaders are managing through this time of...

June 1, 2023

ICI Viewpoints

Do Bears Run Away from Firefighters? This Question and a Few Others We Heard After SEC Chair Gary Gensler Spoke at the ICI Leadership Summit

ICI was honored to host the Chair of the Securities and Exchange Commission, Gary Gensler, at our annual Leadership Summit and to hear from him about his priorities. Appearing virtually, Gensler spoke at length about financial stability and his agenda regarding open-end funds. However...

June 1, 2023

Meeting Materials

ETFC Meeting Materials: Complete Meeting Materials, May 2023

May 30, 2023

2024 Investment Company Fact Book

Explore the comprehensive guide to trends, data, and insights in in the investment company industry. This edition marks the 100th anniversary of the mutual fund, offering an in-depth look at the role of investment companies in today’s economy and their impact on millions of investors.

Visit the Fact Book Website

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You can find more information about many of these entries in the chapters and appendix of the Investment Company Fact Book

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