Middle-Class Investment Tool Over the past 80 years, closed-end funds (CEFs) have helped millions of Americans achieve their long-term financial goals. Representing $252 billion in assets as of year-end 2022, CEFs are professionally managed, subject to a robust regulatory framework...
ICI is proud to unveil the 63rd edition of the Investment Company Fact Book. The annual publication features in-depth research, analysis, and data compiled by ICI’s research staff over the previous year. These outputs are key to ICI’s efforts to support the foundation of the asset...
What’s the issue? Following the difficulties at Silicon Valley Bank (SVB), Signature Bank, and Credit Suisse in early March 2023, a number of media reports cited analysts who suggested that money market funds (MMFs) are drawing deposits away from banks, adding to stresses at banks and...
Demand for lower-cost investment products, competition among the vast number of available funds, and economies of scale have driven down average expense ratios industrywide over the past quarter century. With average expense ratios declining again in 2022, investors will continue to...
Last week, in a major speech given at a time when financial regulators are managing a banking crisis, U.S. Treasury Secretary Janet Yellen pointed the finger at open-end funds and money market funds as posing risks to the financial system. ICI is happy to talk facts about the many...
The 2023 Investment Management Conference (IMC) brought together industry and government leaders to share best practices and better understand compliance and financial regulation. In case you couldn’t attend or just want to recap the action, here is what we learned at the conference...
ICI Global is bringing the international voice of the UCITS, ETF, and mutual fund industry to Brussels in a new way. Last week, we officially opened ICI Global’s new office in Brussels. It’s a testament to our enduring commitment to research, analysis and representation in the...
US households felt the sting of high inflation in 2022. Sharp increases in consumer prices led to surging interest rates and a stock market downturn, driving steep losses in many investment accounts. This challenging environment generated financial headwinds to households of all...
Non-bank financial intermediation (NFBI)—encompassing a broad range of capital sources, including broker-dealers, private funds, and open-end funds (OEFs)—is vital for the financing of the real economy, serving as a critical complement to the traditional banking sector. NBFI is...
The Investment Company Institute (ICI) has spent the last year reimagining and refashioning ICI Global, but our mission remains the same: to strengthen the foundation of the global asset management industry for the benefit of long-term, individual investors. For the asset management...
