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ICI Issues Statement on Bush Administration Tax Proposals  Washington, DC, January 7, 2003 - The Investment Company Institute, the national association of the mutual fund industry, today issued the following statement from Institute President Matthew P. Fink regarding President Bush’s...

Deadline Nears to Open 529 College Savings Plans in 2002 Free Brochure Outlines Benefits of College Savings Plans Washington, DC, December 18, 2002 - As the end of the year approaches, the Investment Company Institute today reminded investors that in order to claim deductions from...

ICI Endorses Proxy Voting Standards, Proposes Independent Director Oversight Washington, DC, December 6, 2002 - In a letter to the Securities and Exchange Commission commenting on its proxy voting initiative, the Investment Company Institute endorsed a series of regulatory proposals...

Half of U.S. Households Own Mutual Funds Washington, DC, October 15, 2002 - Half of all U.S. households and one of every three Americans owned mutual funds as of May 2002, the Investment Company Institute reported today. Institute research shows that 54.2 million, or 49.6 percent, of...

529 College Savings Plans Explained in Investor Awareness Brochure New Brochure Available Free to the Public Washington, DC, October 9, 2002 - What is a 529 plan? How much can be contributed to a 529 plan? What are the tax benefits? Can a grandparent contribute? What if I move to a...

Mutual Fund Costs Decline Between 1998 and 2001 Washington, DC, October 8, 2002 - The shareholder cost of investing in each major type of mutual fund continued to decline between 1998 and 2001, according to updated research published by the Investment Company Institute, the national...

Investment Company Institute Elects New Chairman and Board Members Washington, DC, October 4, 2002 - Paul G. Haaga, Jr., Executive Vice President and Director of Capital Research and Management Company, of Los Angeles, was elected today to a one-year term as Chairman of the Investment...

Mutual Fund Industry Urges Congress to Pass 401(k) Legislation Before Adjourning Washington, DC, September 30, 2002 - The mutual fund industry today urged Congress to enact bipartisan legislation to help working Americans achieve financial security and a sound retirement through their...

Half of American Households Own Equities Equity Ownership Increases Amid Bear Market, Study Finds Contacts: Elizabeth Powell (ICI), powell@ici.org, 202/326-5860 John Collins (ICI), collins@ici.org, 202/326-5864 Chris Wloszczyna (ICI), chris@ici.org, 202/326-5889 James Spellman (SIA)...

A Message from the Investment Company Institute September 11, 2002 The tragic events of September 11 have provided an opportunity to realize our strengths both as a nation and as individuals. While thousands of lives were lost, tens of thousands more escaped harm thanks to the efforts...