News Release Content

May 23, 2024—Today, ICI unveiled its new logo at its Leadership Summit in Washington, DC, marking the first update in 20 years to the visual representation of the organization.

May 16, 2024—ICI announced that Paul G. Cellupica will join the Institute on June 24, 2024, to serve as its new General Counsel. Mr. Cellupica will succeed Susan M. Olson, who is retiring at the end of June after 17 years of service at ICI, seven of which she served with distinction...

May 15, 2024—ICI published the 2024 edition of the Investment Company Fact Book. Since 1960, the Fact Book, a compendium of the research and analysis conducted by the Institute over the previous year, has served as the most comprehensive source of facts and data about the investment...

May 14, 2024—ICI’s latest research shows that the number of traditional closed-end funds (CEFs) has continuously fallen for more than a decade as pressure from activist investors has surged. The report, The Closed-End Fund Market, 2023, takes a close look at the latest trends in the...

April 23, 2024—ICI President and CEO Eric Pan released a statement after the Department of Labor (DOL) released the final rule to amend the regulatory definition of “investment advice fiduciary” under the Employee Retirement Income Security Act (ERISA).

Employers’ commitment to their 403(b) plan participants is evident in the report “The BrightScope/ICI Defined Contribution Plan Profile: A Close Look at ERISA 403(b) Plans, 2020,” released today by ISS Market Intelligence (MI) and the Investment Company Institute (ICI). Analyzing plan...

The European T+1 Industry Task Force welcomes the recent publication of a report by the Chair of the UK Accelerated Settlement Task Force, and in particular the statement that the “UK and other European jurisdictions should continue to explore opportunities for close collaboration."

April 9, 2024—Michael Pedroni, Head of ICI Global, released a statement on the United Kingdom (UK) government’s report to shorten the settlement cycle.

March 21, 2024—The latest research from the Investment Company Institute (ICI) shows that the average expense ratio for equity mutual funds declined for the fourteenth straight year in 2023, while the average expense ratio for bond mutual funds remained unchanged from its level in...

March 7, 2024—Today, ICI President and CEO Eric Pan released the following statement after the House passage of a bipartisan amendment being considered as part of H.R. 2799, the Expanding Access to Capital Act of 2023, sponsored by House Financial Services Committee Chair Patrick...