ESG

Washington, DC; September 20, 2023—Investment Company Institute (ICI) President and CEO Eric Pan released the following statement regarding the Securities and Exchange Commission’s (SEC) vote to adopt reforms to the Fund Names rule. “This enormous expansion of the fund names rule has nothing to do with ESG. The rule sweeps more than three-quarters of all the funds in the US into its dragnet, going far beyond ESG funds—the supposed root of the rulemaking—with no justification. The agency has also failed to take a reasoned and calibrated approach to improving fund disclosure, as they should have...

Palm Desert, CA; March 23, 2023—The Investment Company Institute (ICI) concluded its annual Investment Management Conference this week, after convening senior regulatory officials and industry leaders for a robust discussion of the issues facing asset managers today. In his address before the conference, ICI’s CEO and President Eric Pan emphasized the historic success of mutual funds to help Americans achieve their savings goals and the impact on everyday Americans of pending regulatory measures, such as the SEC’s mandatory swing pricing and fund names proposals. “For the great majority of...

Washington, DC; August 16, 2022—Today, ICI President and CEO Eric Pan released the following statement regarding the SEC’s proposal to require additional disclosure around environmental, social, and governance (ESG) investment practices: “ICI fully supports regulatory measures to address concerns around greenwashing. We believe it is critical that investors understand the differences between environmental, social, and governance (ESG) funds and non-ESG funds. ICI members aim to provide funds that meet a range of investor objectives. We recognize that confusion over ESG is undesirable to those...