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Author

Shelly Antoniewicz
Shelly Antoniewicz is the Chief Economist at ICI.

Areas of Expertise:

Closed-End Funds
Exchange-Traded Funds (ETFs)
Financial Markets
Financial Stability
Fund Governance
Global
Money Market Funds
Mutual Funds

Rochelle (Shelly) Antoniewicz, Chief Economist, at the Investment Company Institute, conducts research on the structure and trends of the ETF and mutual fund industries and on financial markets in the US and globally. Shelly also contributes to analysis on financial systemic risks and conducts economic analysis on the impacts of proposed laws and regulations governing funds. Shelly has been with ICI since 2005, serving as senior economist, senior director of industry and financial analysis, and deputy chief economist. Prior to joining ICI, Shelly spent 13 years as a staff economist and senior economist at the Federal Reserve Board. She has a PhD in Economics from the University of Wisconsin, Madison. 

Viewpoints by this Author

Millions of Americans, Not Just Big Banks, Will Benefit from Reforming the SLR
The Fact(or)s Matter When Measuring TDF Performance
Financial Policymakers Need to Look at the Facts About the “Growing Threat” of NBFI
The SEC’s Liquidity Proposal Is Arbitrary and Harmful to Investors
The Ghosts You Chase but Never Catch
Setting the Record Straight on Dilution, First-Mover Advantage, and Financial Stability Risk
Falling Fund Fees Continue to Benefit America’s Investors
Core Bond Mutual Funds Had Little Impact on the Investment Grade Corporate Bond Market
Policymakers Need to Focus on Economic Fundamentals and Not Blame Bond Mutual Funds: Examining the Evidence of Investment Grade Corporate Bond Yield Spreads in March 2020
Policymakers Say Bond Mutual Funds Contributed Significantly to Treasury Market Stress but…
Setting the Record Straight on Bond Mutual Funds’ Sales of Treasuries
ICI Bond Mutual Fund Survey Brings Facts to the Debate
On Closer Look, a Very Different Picture of Funds’ Role in the Commercial Paper Market
Previous Reform Made Prime Funds Less Resilient This Time Around
Fund Investors’ Expenses Are Falling on Both Sides of the Pond
Growth in Bond Mutual Funds: See the Whole Picture
ETFs Are Passing the COVID-19 Crisis Test
Three Bs or Not Three Bs: Revisiting Claims That Investment Grade Corporate Bond Funds Pose Financial Stability Risks
From December Outflows to January Inflows: Seasonal Factors in Mutual Fund Flows
Even in Bear Markets, Equity Fund Investors Stay the Course
Debunking Assumptions About Bond Mutual Funds’ Flows and Bond Sales
Understanding Interest Rate Risk in Bond Funds
Pointing Fingers at Index Funds Won’t Explain Market Volatility
Average Expense Ratios for Index ETFs Have Declined
ICI Study: Closed-End Fund Assets Were $262 Billion at Year-End 2016
Mutual Funds and ETFs’ Share of the Corporate Bond Market: What’s the Right Answer?
The Taper Tantrum—Take II
Revised Fed Data Show Mutual Funds’ Share of Corporate Bond Market Is Small and Stable
Derivatives—Please Don’t Let Them Be Misunderstood
High-Yield Bond ETFs: A Source of Liquidity
U.S. Bond ETFs Resilient on August 24
More Unfounded Speculation on Bond ETFs and Financial Stability
Does Liquidity in ETFs Depend Solely on Authorized Participants?
Plenty of Players Provide Liquidity for ETFs
ETFs Don’t Move the Market—Information Does
FTT Would Shut Financial Institutions in Participating Countries Out of Repo Market
ETF Basics: The Creation and Redemption Process and Why It Matters