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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).

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.

References in periodicals archive ?
ICI opening a new plant on on Tuesday, Sep 23, 1997.
WORKS HEYDAY: Children of ICI employees in Huddersfield visit a pantomime at the town's former Palace Theatre in 1953 (left) and (above) ICI workers travel in a lorry during a bus strike in 1949; COLOUR PRODUCTION: Mrs D Couchman packs dyestuff crystals at ICI's Dalton Works in 1949
BREAKING THE NEWS: John McAdam, left, of ICI, and Hans Wijers, of Akzo Nobel, at a Press conference in The Great Eastern Hotel, London.
ICI said there was no certainty that the latest approach would lead to an offer being made for the business.
ICI's 312ft high nitram plant, which cost PS3m, and was opened in November 1969, features in another image, while a bird's eye view of ICI Billingham taken in 1984 shows what was the proposed site for a nuclear dump.
Even if the ICI board recommends the bid, Akzo, which employs 900 staff at its International Paints business in Felling Gateshead, still has to win over the support of its shareholders, with some said to be unhappy about the price of the deal, which they view as too expensive.
ICI made no comment over Akzo, which first approached the company with a pounds 7.
ICI, which has around 3,500 staff in the UK, turned down an initial pounds 7.
ICI, which took on Quest as part of an acquisition from Unilever in 1997, said the move allowed it to focus on other areas of its operation, such as strong coatings, adhesives and other speciality chemicals.
He says ICI has made major investments to upgrade its fluoropolymer compounding plant in Thorndale, Pa.
This week the focus is on ICI and shows the huge impact the company had on Teesside ?