Investment Company Institute

Introducing ICI’s new logo, which features the tagline, “The Asset Management Industry—Serving Individual Investors,” reaffirming our mission to strengthen the foundation of the asset management industry to ultimately benefit individual investors. Read more: https://bit.ly/3WSSpr7

Tomorrow, the FDIC will consider whether to restrict the size of stakes funds can hold in companies, potentially driving up costs for investors. ICI encourages regulators to carefully consider these impacts and avoid making changes that will impede funds’ ability to help Americans invest for a secure financial future. Read more: https://bit.ly/3LKHKrE 

Thanks to investment vehicles like mutual funds, millions of everyday Americans have been able to reach their financial goals. Click through the slides below to follow one family’s journey of financial independence ⬇ 

Policymakers continue to propose policies based on the disproven narrative that companies compete less vigorously because of common ownership by retail investment funds. But as ICI President and CEO Eric Pan points out in his latest Financial Times op-ed, the theory is bunk and the policies it inspires risk harming tens of millions of American investors. Read more: https://bit.ly/3SnDXEp

Yesterday, the Central Bank of Ireland (CBI) published a paper on an approach to macroprudential policy for investment funds. ICI fully supports the CBI’s perspective that the funds industry should not be regulated by bank-like principles. However, it remains clear that the CBI continues to see investment funds as a potential source of systemic risk. Macroprudential policies for regulated investment funds are untested, unnecessary, and potentially harmful. Read more: https://bit.ly/46hrU1i  

New ICI research shows that #401k plan participants have incurred lower fees over the past twenty years for holding mutual funds, offering higher returns and balances in retirement. Read more: https://bit.ly/3W88yqF  

FACT CHECK: A recent The New York Times article shares ideas on how to improve the US retirement system. But some of the “issues” raised are not issues at all. Read on as ICI corrects the record: https://bit.ly/3xY0Szn

Despite numerous studies finding zero evidence that companies in the real world compete less vigorously because of common ownership by retail investment funds, ambitious policymakers continue to echo this disproven narrative. Read ICI President & CEO Eric Pan’s Financial Times op-ed on why advancing red tape based on the discredited theory would hurt investors and our capital markets: https://on.ft.com/3zNrKmh 

Thank you to the California ‘40 Act Group for facilitating a thoughtful dialogue between ICI President and CEO Eric Pan and Naseem Nixon, CCO, VP, and Associate Counsel at Capital Group, about the current regulatory agenda and to celebrate #MutualFund100. We appreciate the engagement with all attendees and look forward to seeing you in the future!

Axios reports on new ICI research that found mutual fund fees to have fallen significantly, creating more opportunities for American workers to invest in the long-term. Read the full article: https://bit.ly/3Y3a9AK