Letters to the Editor & Responses Content

Comment on “Almost 20 Money Market Funds Bailed Out” This story takes old numbers and tries to present them as news. Contrary to its suggestion, US money market funds have not incurred threatening losses since the financial crisis of 2007–2009. At the Investment Company Institute, we...

Letter to the Editor: Retirement Doesn’t Have to Be a Dream The energy and spirit of Tom Palome are admirable. But the answer to your headline – “ How a six-figure salary can turn into working two part-time jobs at age 77” – is buried in the 32nd paragraph of the story: Though he has...

Comment: Ignoring the Facts on the American Retirement System’s Success Lynn Stuart Parramore's many claims ignore the facts and the research on the American retirement system. The 401(k) is an effective component of an overall system that has successfully provided adequate retirement...

Mutual Funds’ Duty to Investors By Paul Schott Stevens (As published in InvestmentNews, September 8, 2013) In June 2004, when I became president and chief executive of the Investment Company Institute, the fund industry was still reeling from revelations regarding late trading and...

“Let the Old People Live Good Lives”: Meeting the Global Retirement Challenge By Paul Schott Stevens (As published in Investment and Pensions Europe, September 2013) Long ago, the Chinese philosopher Confucius wrote: “Let the old people live good lives, let those in working age...

The Great Rotation: Are We There Yet? By Brian Reid (as published in NBR’s Voices on August 9, 2013) The following special commentary was written by Brian Reid, chief economist at Investment Company Institute. Though there has been a lot of anticipation of a “great rotation”—an...

Comment: 401(k) Is Effective Component of Retirement System Helaine Olen’s many claims ignore the facts and the research on the American retirement system. The 401(k) is an effective component of an overall retirement system that has successfully provided adequate retirement resources...

Key Points to Remember on Fund Fees By Sean Collins and Bob Grohowski (as published in Money Management Executive on July 22, 2013) Over the past two decades, investors have paid less and less to own shares of mutual funds. That's because investors demand low-cost funds, and because...

Letter to the New York Times on “Funds Engage Actively with Companies on Governance Issues” ICI president and CEO Paul Schott Stevens submitted the following letter to the New York Times: To the Editor: Every mutual fund or other registered investment company is required by law to...

Bond Fund Investments ‘Stickier’ Than Headlines Indicate By Brian Reid (as published in NBR’s Voices on July 11, 2013) The following special commentary was written by Brian Reid, chief economist at Investment Company Institute. It’s been a long two months for bond fund investors...