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Investment Company Institute (ICI)

A national industry group of investment companies, including mutual funds, founded in 1940.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
AkzoNobel, Amsterdam, The Netherlands, has announced the final two Decorative Paints divestments in connection with the acquisition of Imperial Chemical Industries plc (ICI), finalized earlier this year.
* ICI: The board of Imperial Chemical Industries PLC announced that Brendan O'Neill has resigned as a director and chief executive of ICI.
Imperial Chemical Industries plc announced in 1992 that it is considering proposals which when implemented would lead to the division of group into two separate companies, ICI and Zeneca.

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