First-Mover Advantage: The Theory Is Only as Good as Its Assumptions
In a recent ICI Viewpoints , we promised to briefly revisit some of the concerns we’ve long voiced...
Setting the Record Straight on Dilution, First-Mover Advantage, and Financial Stability Risk
Policymakers are laser-focused on a concept in open-ended funds called dilution, suggesting that it...
Do Bears Run Away from Firefighters? This Question and a Few Others We Heard After SEC Chair Gary Gensler Spoke at the ICI Leadership Summit
ICI was honored to host the Chair of the Securities and Exchange Commission, Gary Gensler, at our...
Navigating Through Financial Storms: American Savers’ Handling of Retirement Planning Through COVID
The onset and lingering effects of the global COVID-19 pandemic have created financial stresses...
Americans’ Financial Response to COVID
Since the onset of the COVID-19 pandemic in spring 2020, American households faced numerous...
On Closer Look, a Very Different Picture of Funds’ Role in the Commercial Paper Market
New analysis by ICI shows that prime money market funds did not pull back significantly from the...
Previous Reform Made Prime Funds Less Resilient This Time Around
Even as the market turmoil triggered by strict government mandates and social distancing due to the...
Growth in Bond Mutual Funds: A Question of Balance
Why have bond mutual funds grown substantially in the past several years? There are two possible...
Growth in Bond Mutual Funds: See the Whole Picture
In the past decade, a number of regulators and academics have discussed concerns about the growth in...
What’s in a Name, Redux: For Bond Mutual Funds, “Corporate” Matters
Policymakers around the globe are studying the turmoil in March 2020 related to the COVID-19...
Bond Mutual Fund Outflows: A Measured Investor Response to a Massive Shock
The evidence about what happened to financial markets in March 2020 is still far too mixed and...
Survey Confirms: Despite COVID-19, Retirement Savers Protect Their Accounts
A new national survey by ICI addresses how Americans responded to the financial pressure since the...
2020 Annual Report to Members: Roundtable: The Fund Industry’s Response to COVID-19
For the 2020 Annual Report to Members, three members of ICI’s leadership sat down to share their...
2020 Annual Report to Members: A Conversation with Paul Schott Stevens
Paul Schott Stevens, ICI’s longest-serving chief executive, retired at the end of 2020. As he neared...
2020 Annual Report to Members: A Letter to ICI’s Membership
2020 will go down in history as a year that none of us can ever forget. It was a year of turmoil...
Market Turmoil and Liquidity Crunch Rooted in the COVID-19 Pandemic
The first paper in ICI’s new research series, “The Impact of COVID-19 on Economies and Financial...
Regulated Funds: Supporting the Economy During the COVID-19 Crisis
In a recent call with the Financial Stability Board, ICI President and CEO Paul Schott Stevens...
During COVID-19 Crisis, Fund Company Staff Are Essential
As governments consider extending orders to “shelter in place,” they must include staff of fund...
ETFs Are Passing the COVID-19 Crisis Test
How have exchange-traded funds (ETFs) weathered the intensifying financial market fallout from the...
Mutual Fund Flows in the COVID-19 Crisis
The novel coronavirus disease, or COVID-19, is taking a heavy toll on the world economy—in lives, in...
2019 Annual Report to Members: ICI's International Work
With the industry's interests bound ever more tightly to global trends, ICI pursues an active...
2019 Annual Report to Members: A Letter to ICI's Membership
What follows is an abridged version of a letter by ICI Chairman George C. W. Gatch and ICI President...
2019 Annual Report to Members: A Letter to ICI's Membership
Below is an abridged version of a letter by ICI Chairman George C. W. Gatch and ICI President and...
Four Wrongs Don’t Make a Right—A Financial Stability Proposal Falls Short
After the global financial crisis, the Dodd-Frank Act of 2010 set up a regulatory framework to...
Three Bs or Not Three Bs: Revisiting Claims That Investment Grade Corporate Bond Funds Pose Financial Stability Risks
In the past year, regulators have expressed concerns that regulated funds with a mandate to invest...
Corporate and Investment Grade Bond Funds: What’s in a Name?
Financial stability concerns are being inflated by confusion over what the funds in question...
The “Waterfall Theory” of Liquidity Management Doesn’t Hold Water
In a series of recent blog posts, economists at the Federal Reserve Bank of New York have discussed...