ICI Viewpoints Content

The 2026 ICI Tax and Accounting Conference brought nearly 700 industry professionals to Marco Island, Florida, for four days of insights on the issues transforming asset management. Read about the three standout themes that defined this year’s event.

A new ICI and PwC survey offers a first-of-its-kind look at how investment managers value private assets in retail alternative investment products.

Established governance structures, outside valuation expertise, and ongoing monitoring are central features of how firms value private assets held in retail alternative products, according to ICI and...

More than 300 professionals from around the country recently convened in Nashville for ICI’s inaugural Compliance, Risk, and Legal Conference. Building on the foundation of our longstanding Securities Law Developments Conference, the CRL Conference’s program reflected the broader and more integrated challenges facing compliance, risk, and legal professionals.

Keith Cassidy, Director of the Division of Examinations at the SEC, gives the keynote speech at ICI's Compliance, Risk, and Legal Conference. More than 300 professionals from around the country...

The SEC recently expanded voting flexibility for shareholders of operating companies, but similar relief for mutual fund investors includes additional restrictions. ICI supports providing fund shareholders the same voluntary voting options.

Tax, accounting, valuation, audit, and operations professionals are the people who translate the industry’s biggest ideas into products investors can trust. Their work will be at the center of ICI’s 2026 Tax and Accounting Conference, convening September 27–30 in Marco Island, Florida.

Join ICI in Nashville, Tennessee, September 15-17, 2026, for the inaugural Compliance, Risk, and Legal Conference. Connect with industry leaders, regulators, independent directors, and legal, regulatory, and risk professionals to explore the latest developments shaping the investment management industry.

As market indexes become increasingly concentrated, funds that qualify as “diversified” are facing a growing challenge. Many funds must either limit exposure to their largest investments, potentially altering their strategy, or pursue shareholder approval to become non-diversified, a costly and uncertain process.

Fund proxy campaigns are a costly burden. ICI demonstrated this in 2019 and again in 2026 . Major reforms to fund proxy requirements to alleviate these burdens would fit perfectly within the SEC’s...

NBFI’s share of total financial assets has risen in both the US and Euro area since year-end 2023, but the increase is largely driven by equity investment funds and ETFs rather than riskier forms of non-bank activity.

In a 2024 Viewpoints post, we showed that despite substantial growth in absolute terms, non-bank financial intermediation’s (NBFI) share of total financial assets had remained broadly stable in both...

The Supreme Court has handed fund investors a decisive victory. In FS Credit Opportunities Corp. v. Saba Capital Master Fund, the Court held 6–3 that Section 47(b) of the Investment Company Act of 1940 does not create an implied private right of action, confirming that responsibility for enforcing the statute rests with the Securities and Exchange Commission.

The Supreme Court has handed regulated funds and the nearly 130 million Americans who invest in them a decisive victory. In FS Credit Opportunities Corp. v. Saba Capital Master Fund, the Court held 6...

The debate over raising the UCITS 10% single-issuer limit for securitisations highlights a broader challenge facing Europe’s capital markets. While policymakers seek deeper capital markets, greater investment, and diverse sources of financing for the real economy, there remains a reluctance to embrace the level of risk-taking that market-based finance requires.

The growing debate over whether to raise the UCITS 10% single-issuer limit for securitisations reveals a lot about Europe’s relationship with risk. Europe wants deeper capital markets, more investment...