Despite the stormy weather in San Diego, the speakers and panelists at the first-ever ICI Innovate conference shined bright! From February 6–8, ICI brought together the most creative and innovative industry minds at the forefront of asset management’s embrace of technology. These...
Judging by some narratives, you might think that young Americans face a bleak financial future. Whereas Baby Boomers and older generations benefited from a robust economy and outsized investment gains, Gen Z and Millennials have suffered ballooning expenses and other economic...
The first mutual fund in the United States was created in 1924, which means that mutual funds and other pooled investment products have been part of our country’s economic success story for one hundred years. This anniversary is an opportunity to reflect on the profound impact these...
Open-end long-term mutual funds (“funds”) have a long history of successfully managing liquidity, enabling them to meet shareholder redemptions in a timely manner while pursuing their investment objectives. Over the past four decades, 99.94% of these funds have met redemptions...
Halloween season is well past, but some banking authorities seem happy to continue chasing the perceived “ghoul” of bond fund stress amplification. In trying to make the case that bond funds amplify market shocks, systemic risk regulators have for years twisted and contorted the data...
Bank loan mutual funds and ETFs play a key role in capital markets, facilitating financing for American companies and offering unique benefits to fund investors. These funds invest primarily in loans made by banks to other businesses—loans that often have stronger lender protections...
Technological innovation in the financial services industry has driven huge benefits for Main Street investors, slashing costs and ushering in new investment opportunities. This innovation has taken place within a strong legal framework that protects investors. Yet a new proposal by...
Closed-end funds (CEFs) trying to fend off hostile hedge funds and other activist investors are facing another headwind from an unexpected corner: proxy advisory firms. Proxy advisors, which make recommendations to institutional investors on management actions and shareholder...
As financial services firms around the world institute processes and procedures to align with T+1 implementation in the United States, Canada, and Mexico, the industry should seize this opportunity to establish one-day settlement as the next global standard. [1] The move by North...
There’s a reason that stoplights don’t flash red, yellow and green at the same time—it’s a surefire recipe for collisions and congestion. Overlaps and redundancies between the string of new rule proposals from Chair Gary Gensler’s Securities and Exchange Commission are creating the...
