Americans manage nearly every part of their financial lives online. Yet when it comes to their mutual fund and ETF accounts, the law still requires most investors opt in if they want to receive financial documents electronically. That outdated approach drives up costs and, according...
President Trump recently issued an executive order (EO) directing the U.S. Secretary of Labor to review fiduciary guidance on private market investments in 401(k) and other defined contribution plans governed by ERISA. The EO also instructs the SEC to explore ways to expand access to...
August 14, 2025
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President Trump recently issued an executive order (EO) directing the U.S. Secretary of Labor to review fiduciary guidance on private market investments in 401(k) and other defined contribution plans governed by ERISA. The EO also instructs the SEC to explore ways to expand access to...
During the global financial crisis (GFC) and the COVID crisis, as financial markets experienced severe stress, investors withdrew large sums from institutional prime money market funds (MMFs) (Figure 1). Following these events, regulators introduced reforms aimed at strengthening...
A recent opinion article from the Bloomberg Editorial Board writes that changes to the enhanced supplementary leverage ratio (eSLR) would leave banks less resilient when unrealized losses occur on long-term Treasuries. However, the editors are taking a narrow view of the proposed...
July marks the 15th anniversary of the passage of the Dodd–Frank Act, the landmark regulatory reform package intended to prevent future financial crises and modernize federal consumer protection laws. While Dodd–Frank instituted necessary reforms that helped enhance investor...
With the One Big Beautiful Bill Act now signed into law, America’s investors, savers, and fund shareholders have reason to celebrate. The final legislation delivers important outcomes for retirement savers, fund shareholders, and the broader investing public. From protecting the tax...
The 65 th edition of the Investment Company Fact Book is now available, highlighting more than 300 statistical reports, 26 research and policy publications, and issue-specific analysis from ICI’s Research Department. For the first time, Fact Book now features a data visualization...
ICI President and CEO Eric J. Pan addressing attendees on the first day of ICI’s 2025 Leadership Summit. ICI's 2025 Leadership Summit brought together asset management executives and leaders in technology, law, and public policy for two days of insightful panels and timely discussions...
Every April, we celebrate Financial Literacy Month in the United States. But let’s be honest: there’s little cause for celebration when only 1 in 3 adults globally can answer basic financial questions. Even in the world’s most advanced economies, nearly half the population lacks the...
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