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A family at a fourth July picnic

The United States at 250: A Nation of Investors

The rise of capital ownership is a defining feature of middle-class life in the US. Built through generations of thrift, innovation, and prudent decision-making, supported by the right institutions, products, and policies. That legacy continues, with more than half of U.S. households investing in mutual funds, ETFs, and other investments. Altogether, these roughly 130 million individual investors hold a direct stake in the growth and success of American businesses.

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ICI General Counsel Paul Cellupica in conversation with the SEC’s Director of the Division of Investment Management Brian Daly.

ETF Leaders Take Center Stage in Nashville

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More than 1,000 attendees gathered for ICI’s 2026 ETF Conference, where industry leaders, regulators, and market participants discussed ETF growth, innovation, and the future of these increasingly popular products.

ICI’s 2026 ETF Conference drew more than 1,000 attendees to Nashville to hear panels on topics such as ETF investments in digital assets, ETF share classes, ETF tax considerations, and tokenization...

ICI President & CEO Eric J. Pan addresses ETF Conference attendees during his keynote remarks. More than 1,000 attendees gathered for ICI’s 2026 ETF Conference, where industry leaders, regulators, and...

ETF sponsors and the many firms supporting this marketplace have a home here. We want you engaged...

Eric J. Pan
President & CEO, Investment Company Institute

Top SEC Voices Offer the Regulatory Perspective on ETF Growth ICI's General Counsel, Paul Cellupica, in conversation with the SEC’s Director of the Division of Investment Management, Brian Daly. The...

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A discussion group of independent directors at the 2025 IDC Fund Directors Conference

Recognizing the Important Role of Fund Boards

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Fund boards are a cornerstone of regulated funds, established to protect investors from conflicts of interest and ensure strong governance. With independent directors representing shareholder interests, fund boards provide critical oversight, upholding transparency, fiduciary standards, and accountability across the industry.

Fund boards play an important role in protecting the interests of shareholders and ensuring funds operate with integrity. Independent directors compose the majority of seats on fund boards, overseeing...

A discussion group of independent directors at the 2025 IDC Fund Directors Conference Individual investors in America enjoy a broad and diverse range of investment choices. A myriad of financial...

2026 Investment Company Fact Book


Explore the comprehensive guide to trends, data, and insights in in the investment company industry. 

Visit the Fact Book Website

Glossary of Investing terms
You can find more information about many of these entries in the chapters and appendix of the Investment Company Fact Book

2026 ICI Factbook cover version 2