European holdings by U.S. prime money market funds have fluctuated significantly since early 2011. Prime money market funds greatly reduced their holdings of European issuers as a percentage of their overall portfolio in the summer of 2011, as the eurozone debt crisis worsened, and...
This Viewpoints post is a summary of a speech given by ICI President and CEO Paul Schott Stevens at the Mutual Funds and Investment Management Conference. The entire speech is now available. Since September, U.S. and international regulators have released reports suggesting that asset...
Financial Stability and U.S. Mutual Funds Paul Schott Stevens President and CEO Investment Company Institute March 17, 2014 Mutual Fund and Investment Management Conference Orlando, FL As prepared for delivery. Thank you, Heidi [Hardin, General Counsel, Janus Capital Management]. It...
Financial Stability and Regulated Funds Dan Waters Managing Director ICI Global 17 March 2014 Chatham House London, United Kingdom As prepared for delivery Key policymakers across the globe, including those here in Europe, have acknowledged the need to enhance the resilience of the...
There they go again. After last week’s turmoil in the bond market, some commentators sought to link net redemptions from bond ETFs to heightened volatility in the U.S. Treasury market on Tuesday, March 4. But as we have written before when examining the relationship between equity...
Traditional IRAs Powered by Rollovers; But Little in Contributions Tax Season Reminder: Savers Can Still Make Tax Year 2013 Contributions to IRAs until April 15 Washington, DC, March 10, 2014 - Traditional individual retirement accounts (IRAs) continue to be opened predominantly with...
When President Obama announced a new effort to expand access to retirement savings opportunities, ICI was among the first to applaud. The Administration’s “myRA” looks to provide a new option for Americans who want to put money aside for retirement, but who might not have access to a...
ICI Comment on Ways and Means Tax Reform Discussion Draft Washington, DC, February 26, 2014— In response to the release of a tax reform discussion draft by Ways and Means Committee Chairman David Camp (R-MI), ICI released the following statement: “ICI appreciates Chairman Camp’s goal...
