News Release Content

ICI Statement on House Passage of Regulatory Reform Bill Washington, DC, December 11, 2009 - ICI President and CEO Paul Schott Stevens made the following comment on the House of Representatives’ approval of H.R. 4173, a bill designed to reform the nation’s financial regulatory system...

ICI Study: More Than 50 Million U.S. Households Own Mutual Funds Washington, DC, December 3, 2009 - More than 50 million U.S. households owned mutual funds in 2009, according to a newly updated ICI annual survey of U.S. households. While mutual funds are the most commonly held type of...

Americans Accumulate Substantial Retirement Assets in IRAs IRA Ownership Widespread Across U.S. Population Washington, DC, November 23, 2009 - Americans are accumulating significant resources in individual retirement accounts (IRAs) through rollovers from employer-sponsored retirement...

ICI Education Foundation Awards First Metro DC Investor Education Grants Washington, DC, November 18, 2009 - The Investment Company Institute Education Foundation (ICIEF) announced its first set of microgrants to Washington, DC area organizations to advance investor education.  “We...

Jones v. Harris Informed Supreme Court On Directors’ Crucial Role Washington, DC, November 2, 2009 - Michael S. Scofield, independent director of Evergreen Funds and chairman of the Independent Directors Council, issued the following statement regarding oral arguments in the U.S...

Jones v. Harris Informed Supreme Court On Directors’ Crucial Role Washington, DC, November 2, 2009 - Michael S. Scofield, independent director of Evergreen Funds and chairman of the Independent Directors Council, issued the following statement regarding oral arguments in the U.S...

Jones v. Harris Raises Vital Issues for Investors Affirming Existing Legal Standard Will Help Fund Shareholders, Stevens Says Washington, DC, November 2, 2009 - Investment Company Institute President and CEO Paul Schott Stevens issued the following statement following oral arguments...

U.S. Retirement Assets Rose $1.0 Trillion in the Second Quarter Americans’ Retirement Assets Reached $14.4 Trillion Washington, DC, October 28, 2009 - Americans held $14.4 trillion in retirement assets at the end of the second quarter of 2009, accounting for 34 percent of all...

401(k) Study Shows Consistent Participation Account Activity in First Half of 2009 Remains Steady; Similar to 2008 Washington, DC, October 21, 2009 - Americans continued to save for retirement in their 401(k) and other defined contribution (DC) retirement plans through the stock...

401(k) Balances Fell in 2008 Bear Market Despite Losses, Ongoing Contributions Pay Off in 5-Year Account Growth Washington, DC, October 6, 2009 - American workers who held 401(k) accounts consistently from 2003 through 2008 suffered a 24.3 percent average drop in their account balance...