News Release Content

ICI Releases Closed-End Fund Report Washington, DC, April 18, 2016—The Investment Company Institute (ICI) today released its annual report on the closed-end fund (CEF) market, providing analysis of 2015 data from this sector. Total assets of closed-end funds decreased to $261 billion...

ICI Responds to FSOC Report Washington, DC, April 18, 2016— Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement in response to a report on asset management activities and products released today by the Financial Stability Oversight...

ICI Responds to DOL’s Final Fiduciary Rule Washington, DC, April 6, 2016— ICI President and CEO Paul Schott Stevens issued the following statement today in response to the Department of Labor’s release of the final rule re-defining the fiduciary standard for investment advice to a...

ICI Education Foundation Celebrates Financial Literacy Month Washington, DC, April 4, 2016–April is Financial Literacy Month, and the Investment Company Institute Education Foundation (ICIEF) is participating by encouraging all Americans to take advantage of resources that will help...

ICI Supports Derivatives Risk Management Program for Funds Seeks Changes to SEC Rule Proposal to Preserve Benefits of Using Derivatives Washington, DC, March 28, 2016—The Investment Company Institute (ICI) supports adoption by the Securities and Exchange Commission (SEC) of a proposed...

IDC Seeks Changes to SEC’s Derivatives Proposal to Ensure Proper Oversight Role for Fund Boards Washington, DC, March 28, 2016—The Independent Directors Council (IDC) recommends changes to a proposal by the Securities and Exchange Commission (SEC) governing the use of derivatives by...

ICI Calls on California Officials to Delay Action on ‘Secure Choice’ Retirement Plan Consultants’ Report on Feasibility Fails to Provide Adequate Analysis Washington, DC, March 24, 2016—California officials should delay further action on the state’s proposed “secure choice” state-run...

Average Expense Ratios for Equity, Hybrid, and Bond Mutual Funds Hit 20-Year Lows Washington, DC, March 16, 2016—Expense ratios for equity, hybrid, and bond mutual funds dropped in 2015 to the lowest level in at least 20 years, while money market fund expense ratios remained at their...

Calls on FINRA to Assume Responsibility for Processing Fees to Ensure Fair Treatment of Shareholders Orlando, FL, March 14—Unless the Securities and Exchange Commission (SEC) takes action, processing fees could erase $1 billion from the savings that fund shareholders are expected to...

ICI Recordkeeper Data Show Retirement Plan Participants’ Commitment to Saving Washington, DC, February 23, 2016—Americans continue saving for retirement through defined contribution (DC) plans, according to ICI’s latest study of retirement plan savers’ actions. The study, “ Defined...