News Release Content

ICI: FSOC Seeking “Pretexts” to Designate Funds Washington, DC, April 24, 2014 - ICI President and CEO Paul Schott Stevens made the following statement in response to media reports that the Financial Stability Oversight Council (FSOC) has stepped up its review of major asset managers...

ICI Defined Contribution Plan Recordkeeper Data Show Continued Commitment to Retirement Saving Washington, DC, April 23, 2014 - ICI’s latest study of retirement plan savers’ actions, based on defined contribution (DC) plan recordkeeper data covering nearly 24 million DC plan...

ICI: G-SIFI Designation of Regulated Funds Unnecessary and Inappropriate, Would Harm Investors FSB Focus on Size Alone Misplaced; Leverage Is Critical in Determining Risk Washington, DC, April 8, 2014 - Designation of regulated funds like US mutual funds as “global systemically...

Money Flowing into Closed-End Funds Remained Steady in 2013 After Several Years of Increases Equity Closed-End Fund Assets Comprise Growing Share of Total CEF Market Washington, DC, March 28, 2014 - Money flowing into closed-end funds (CEFs)—net new issuance—remained steady from 2012...

ICI Presents 2014 Fund Reclassification Data Series Updated to Reflect Current Marketplace Washington, DC, March 26, 2014 - The Investment Company Institute (ICI) is releasing today its modernized investment objective classifications for open-end mutual funds, reflecting current...

Traditional IRAs Powered by Rollovers; But Little in Contributions Tax Season Reminder: Savers Can Still Make Tax Year 2013 Contributions to IRAs until April 15 Washington, DC, March 10, 2014 - Traditional individual retirement accounts (IRAs) continue to be opened predominantly with...

ICI Comment on Ways and Means Tax Reform Discussion Draft Washington, DC, February 26, 2014— In response to the release of a tax reform discussion draft by Ways and Means Committee Chairman David Camp (R-MI), ICI released the following statement: “ICI appreciates Chairman Camp’s goal...

ICI Encourages Participation in “America Saves Week” Data Highlight Role of Mutual Funds in Savers’ Planning Washington, DC, February 24, 2014 - To mark the 2014 national “ America Saves Week,” the Investment Company Institute (ICI) is encouraging Americans to assess their personal...

Initiative to Reduce Systemic, Operational Risks Could Benefit Investors Washington, DC, February 18, 2014 - The Board of Governors of the Investment Company Institute has endorsed unanimously an industry initiative led by The Depository Trust & Clearing Corporation (DTCC) to shorten...

ICI Defined Contribution Plan Recordkeeper Data Show Continued Commitment to Retirement Saving Washington, DC, February 6, 2014 - Americans’ commitment to saving for retirement remained strong in the first three quarters of 2013, according to ICI’s latest study of retirement plan...