To the SEC and FINRA: It’s Your Move
Earlier this month, I wrote about the wide-ranging benefits of the proposed Securities and Exchange...
Cybersecurity at Work: Exercise Is Important
In this installment of our series focusing on cybersecurity, we are going to look at exercising—not...
The SEC’s Online-Delivery Gift to Fund Shareholders
A recent SEC rulemaking proposal presages good news for America’s 90 million mutual fund...
Factors Contributing to the Decline of Expense Ratios in 2015
ICI recently released its annual update on the expense ratios of mutual funds, showing expense...
Cybersecurity at Work: Incident Response Plans and What They Entail
In this second posting in our series, I’d like to focus on computer incident response planning. In...
Yes, Funds Come and Go—Without Government Help
For several years now, ICI has pushed back against those advocating for bank-like regulations on the...
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...
Three Reasons Why You Should Consider an IRA
April 18 is the deadline to file income tax returns with the federal government this year.
Getting Started in a 401(k) Plan—and Getting the Most Out of It
This week, ICI and the Investment Company Institute Education Foundation (ICIEF) joined thousands of...
How America Supports Retirement: The Incentive to Save Is Not Upside Down
In my new book, How America Supports Retirement: Challenging the Conventional Wisdom on Who Benefits...
Models vs. the Real World—Why Bond Funds Aren’t the Bond Market
In two recent blog posts, economists at the Federal Reserve Bank of New York use a theoretical model...
MetLife Case Shows That “Assuming the Worst of the Worst of the Worst” Doesn’t Work
If regulators are going to impose strict rules and heavy burdens on a business, should they have to...
How America Supports Retirement: What Do Tax Rates Have to Do with the Benefits of Tax Deferral? Less Than You Think
In my new book, How America Supports Retirement: Challenging the Conventional Wisdom on Who Benefits...
New Research by New York Fed Confirms: Bond Funds Don’t Pose Systemic Risks
In a series of recent blog posts, economists at the Federal Reserve Bank of New York discussed...
How America Supports Retirement: No, Benefits Are Not “Tilted” to the Higher Earners
Second in a series of ICI Viewpoints. In my new book, How America Supports Retirement: Challenging...
Derivatives—Please Don’t Let Them Be Misunderstood
Derivatives are important portfolio management tools that provide funds with many potential benefits...
How America Supports Retirement: Tackling the Myths That Surround Us
America’s retirement system isn’t perfect but it’s a lot stronger than many people think. Whether by...
Cybersecurity at Work: Creating Passwords That Are More Secure
Welcome to the first in a monthly series of ICI Viewpoints focusing on sound practices in...
U.S. and European Fund Investors Continue to Take Long View on EM Economies
In an ICI Global Research Perspective last year, we showed that U.S. and European registered funds...
All Pain and No Gain for Fund Investors
The following is a letter submitted to the editor of the New York Times. A financial transaction tax...
Liquidity Risk Management Must Be Done Right
The following ICI Viewpoints is a lightly edited version of a letter that ICI President and CEO Paul...
How the SEC’s Six-Bucket Approach Could Provide a False Picture of Liquidity
As I explained in a previous post, I filed a letter on January 13 with the U.S. Securities and...