News Release Content

IDC Comments on Jones v. Harris Decision Court’s Ruling Recognizes Key Oversight Provided by Independent Directors Washington, DC March 30, 2010 - Michael S. Scofield, independent director of Evergreen Funds and chairman of the Independent Directors Council, issued the following...

ICI Encourages Participation in America Saves Week Washington, DC, February 22, 2010 - The Investment Company Institute, the national association of mutual funds and other investment companies, is encouraging Americans to assess their personal savings and set a savings goal as part of...

  Retirement Assets Total $15.6 Trillion in Third Quarter Washington, DC, February 3, 2010 - Americans held $15.6 trillion in retirement assets at the end of the third quarter of 2009, accounting for 35 percent of all household financial assets in the United States, the Investment...

IDC Task Force Report Examines Board Oversight of Subadvisers Washington, DC, January 28, 2010 - Mutual funds are increasing their use of subadvisers as funds seek to expand portfolio offerings for shareholders and enhance existing investment expertise, finds a new task force study...

Michael S. Scofield, independent chairman of the Evergreen Funds and chairman of the Independent Directors Council, issued the following statement on the Securities and Exchange Commission’s approval of new rules for money market funds and the role of independent directors in...

ICI President and CEO Paul Schott Stevens issued the following statement following the Securities and Exchange Commission’s adoption of new rules and amendments to regulations governing money market funds under the Investment Company Act of 1940.

IRA Ownership Steady Despite Recent Market Turmoil 39 Percent of U.S. Households Owned IRAs in 2009 Washington, DC, January 21, 2010 - Despite market challenges in 2008 through the March 2009 stock market lows, individual retirement account (IRA) ownership in 2009 and IRA owners’...

Americans Confident 401(k) Can Help Them Reach Their Retirement Goals Industry Leaders Discuss How to Strengthen the 401(k) and Broaden Retirement Savings Washington, DC, January 8, 2010 - In late 2009—having weathered a bear market in stocks that started in late 2007 and continued...

ICI Commends Tri-Party Repo Infrastructure Task Force Efforts and Draft Recommendations Washington, DC, December 22, 2009 - ICI President and CEO Paul Schott Stevens made the following statement about the release of a progress report and draft recommendations designed to improve and...

ICI Supports Legislation to Modernize Tax Laws for Registered Investment Companies Washington, DC, December 17, 2009 - ICI President and CEO Paul Schott Stevens made the following statement on Ways and Means Chairman Charlie Rangel (D-NY) and Ways and Means Select Revenue Measures...