Investment Company Institute


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Investment Company Institute (ICI)

A national industry group of investment companies, including mutual funds, founded in 1940.

Investment Company Institute

An association for mutual funds in the United States. Membership is limited to open-end investment companies, closed-end investment companies, unit investment trusts, exchange-traded funds, and individuals associated with them. Its goals are to establish and enforce ethical practices among members, to lobby policymakers on behalf of the industry, and to educate the public about mutual funds and other investment companies. It was established in 1940.

Investment Company Institute (ICI)

A national association for mutual funds, closed-end investment companies, and unit investment trusts. ICI, established in 1940, collects and publishes industry data, represents its members in matters of regulation and taxation, and promotes the interests of the industry and its shareholders.

Investment Company Institute (ICI).

The Investment Company Institute is an association of US mutual fund companies.

ICI membership is open to all US open- and closed-end investment companies, as well as their investment advisers and underwriters. Each year, ICI publishes the Fact Book, a comprehensive review of the mutual fund industry.

ICI's goals are to maintain ethical standards in the fund industry, advance the interests of funds and their shareholders, and educate the public about mutual funds and other investment companies.

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Lawrence Maffia, Executive Vice President, Investment Company Institute
Grohowski, who will start at IAA in March, is currently an associate general counsel with the Investment Company Institute (ICI), with primary responsibility for a wide range of issues arising under the Investment Advisers Act of 1940 and the Investment Company Act of 1940.
Principal Funds announced today the naming of Karrie McMillan, former general counsel of the Investment Company Institute (ICI), to its board of directors.
At year-end 2012, 41% of 401(k) participants held target-date funds (TDFs), according to "401(k) Plan Asset Allocation, Account Balances and Loan Activity in 2012," a report jointly released this past December by the Investment Company Institute (ICI) and the Employee Benefit Research Institute (EBRI).
Research shows that participants of all ages and incomes increasingly prefer to access information online and we believe that doing so makes it easier for participants to act on the information," says David Abbey, senior counsel-pension regulation, of the Investment Company Institute.
In a recent survey from the Investment Company Institute, a majority of households indicated they are confident that retirement plan accounts can help people reach their retirement goals.
In a separate report suggesting a rebound in mutual fund sales, the Investment Company Institute reported on April 29 that there was $9.
You hear a lot about people trading actively - day trading over the Internet - and that's simply not the case,'' said Elizabeth Powell, a spokeswoman for the Investment Company Institute, a mutual fund industry group that, along with the Securities Industry Association, performed the study and released results Thursday.
The amendment to repeal the provision met with strong opposition by some business associations, such as the National Association of Manufacturers and the Investment Company Institute, which argued that the costs of full-scope pension audits would be extremely expensive and a burden on plan sponsors.
The 2014 Investment Company Institute Fact Book draws a different picture of millennials.

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