Best Places to Work 2023: Investment Company Institute (ICI) has been recognized for its outstanding workplace culture, fostering a strong sense of camaraderie and support of each other's achievements and growth. As a leading voice for the mutual fund industry, ICI prides itself on creating a positive and inclusive environment for its employees.
Among other things, the proposal requires mutual funds to adopt mandatory swing pricing and impose a “hard close” cut-off time on when investors can buy or sell shares. This initiative aims to improve transparency and protect investors from potential market disruptions.
Mutual funds turn 100 in 2024; Investment Company Institute is launching a national partnership program to commemorate the innovation. This program will celebrate the history and growth of mutual funds while looking towards the future of the industry.
Money-market fund assets rose to a fresh record high for the second straight week on expectations short-term rates will remain elevated. This trend reflects investor confidence in the stability of money-market funds during uncertain economic times.
Americans are satisfied with the features of their workplace retirement savings plans and do not favor making any changes, according to an ICI report. This highlights the importance of employer-sponsored retirement plans in providing financial security for individuals.
ICI report found that more than four in ten US households have IRAs, showcasing the widespread popularity and accessibility of these investment vehicles. IRAs play a crucial role in helping individuals save for retirement and achieve their financial goals.
Through dumb luck — emphasis on dumb — I've gotten myself into the most popular trade of the year. Why it matters: High short-term interest rates are driving investors towards money-market funds and other cash equivalents for stability and potential returns.
There's no question that exchange-traded funds (ETFs) have become a major part of the investor's toolkit. ETFs are similar to mutual funds in that they pool investors' money to invest in a diversified portfolio of securities, but they trade on an exchange like individual stocks.
The motivation for this proposal is primarily the stress placed on mutual funds in 2020, early in the pandemic, which required intervention from regulatory bodies. By implementing swing pricing and cut-off times, mutual funds aim to mitigate risks and protect investor interests.
