In an op-ed by ICI President and CEO Eric J. Pan explains that features like redemption limits are not signs of stress, but core design elements that help these funds manage less liquid assets, treat investors fairly, and avoid forced sales during periods of market volatility. It also reinforces how these structures fit within a broader portfolio approach to long-term investing.
ICI filed today a letter strongly supporting the Securities and Exchange Commission’s proposal to amend Form N-PORT. The new SEC proposal rectifies the not-yet-effective 2024 amendments to the form, adopted under the previous SEC leadership.
Private credit is one of the fastest-growing segments of today’s capital markets. These loans—made by funds and other investors—were once the domain of large institutions, but regulated funds are increasingly making them available to everyday investors. With that growth come important questions about how funds determine what these assets are worth.
As investments in private credit attract more public attention, questions about how these assets are valued are coming into sharper focus. ICI today released a new paper outlining how regulated funds approach private credit valuation and the governance frameworks that support it.
An op-ed by ICI General Counsel Paul Cellupica published in the Financial Times explains how an outdated voting framework is imposing significant costs on funds and investors, while proposing practical reforms to modernize the system and maintain strong shareholder oversight.
Millions of Americans are filing their taxes today feeling like they're being punished for doing the right thing: saving and investing for the long term. That was the message at a Tax Day event hosted by the Investment Company Institute.
ICI published a position paper on the European Commission’s Market Integration and Supervision Package, setting out targeted recommendations to strengthen the practical functioning of the EU’s cross‑border fund market and support the success of the Savings and Investments Union.
Securitisation has become a revealing test of Europe’s capital markets ambitions. Both the EU and the UK are revisiting their securitisation frameworks in the name of growth, competitiveness, and better‑functioning markets. That focus is well placed: a healthy securitisation market is a critical mechanism for freeing up bank balance sheets, supporting lending, and mobilising long‑term capital.
ICI’s latest national survey on Americans’ views of 401(k) and other defined contribution plans shows just how central workplace retirement plan are to household financial security.
Workplace Retirement Plans Matter 47% of workplace retirement account owners say they probably would not save for retirement without a plan at work. 92% say payroll deduction makes it easier to save...
Making it easier to save Nearly half of DC plan account owners said they probably would not save for retirement without a workplace plan. That number is even higher for people in lower-income...
Americans want to preserve workplace retirement plans 87% of Americans oppose eliminating the tax advantages of DC accounts. 77% are confident that 401(k) and other employer-sponsored retirement plan...
This strong support is not limited to people who already have retirement accounts. Even among individuals whose households do not currently own a DC plan account or an individual retirement account...
In 1982, the asset management industry landscape looked very different. ETFs didn’t exist, most work was done without modern technology, and most people would be lucky to have a beeper, much less a...
The Pressures Facing Smaller Funds Fixed compliance costs spread across fewer assets, leading to higher expense ratios and pressure on net returns Structural scale advantages that favor larger...
Small entities are essential to a competitive and innovative asset management ecosystem, expanding investor choice through specialized and niche strategies. Regulatory burdens that disproportionately affect these firms can weaken competition, restrict investor options, and reduce the overall diversity of the industry.
