The March money market fund holdings data indicate a large drop in the share of fund assets allocated to European counterparties and a large increase in the share of fund assets allocated to U.S. counterparties. This shift is likely temporary and reflects reduced willingness of...
In early January, the Financial Stability Board (FSB)—an international group of financial authorities—published a consultation paper on the issue of systemic risk and investment funds. Though the consultation recognizes several factors that distinguish investment funds from banks, it...
ICI: G-SIFI Designation of Regulated Funds Unnecessary and Inappropriate, Would Harm Investors FSB Focus on Size Alone Misplaced; Leverage Is Critical in Determining Risk Washington, DC, April 8, 2014 - Designation of regulated funds like US mutual funds as “global systemically...
Today, ICI President and CEO Paul Schott Stevens made the following comment in response to a speech by Andy Haldane, currently executive director of the Bank of England and slated to become its chief economist in June. His speech, “ The Age of Asset Management?”, focuses on asset...
Are Americans Preparing Adequately for Retirement? By Paul Schott Stevens (As published in The Hill , April 3, 2014) Every day, thousands of Baby Boomers enter retirement, while thousands of members of an equally large generation—the Millennials—enter the workforce. How well the Baby...
Money Flowing into Closed-End Funds Remained Steady in 2013 After Several Years of Increases Equity Closed-End Fund Assets Comprise Growing Share of Total CEF Market Washington, DC, March 28, 2014 - Money flowing into closed-end funds (CEFs)—net new issuance—remained steady from 2012...
ICI Presents 2014 Fund Reclassification Data Series Updated to Reflect Current Marketplace Washington, DC, March 26, 2014 - The Investment Company Institute (ICI) is releasing today its modernized investment objective classifications for open-end mutual funds, reflecting current...
ICI Presents 2014 Fund Reclassification Data Series Updated to Reflect Current Marketplace Washington, DC, March 26, 2014 - The Investment Company Institute (ICI) is releasing today its modernized investment objective classifications for open-end mutual funds, reflecting current...
Inside View: Putting the Jigsaw Puzzle Together By Qiumei Yang (As published in Funds Global Asia , 20 March 2014) The Asia Pacific region is becoming increasingly influential in, and intertwined with, markets in Europe and the Americas. One of the most-anticipated developments that...
