Allegations Made in Indiana University Study Are Speculative and Dubious
Thanks to mutual funds’ structure and regulation, fund investors enjoy a number of protections. One...
Article in The Week Misrepresents Americans’ View of 401(k)s
Contrary to recent reporting by The Week (“401(k)s Are Failing Millions of Americans,” April 22...
Washington Post Mischaracterizes the Strongest Federal Securities Law
Today I submitted the following letter to the editor of the Washington Post: Without a doubt, our...
Data Update: Prime Money Market Funds’ Holdings
In October and December, we discussed how portfolio managers of U.S. prime money market funds have...
Key Data Undercut Critics’ Arguments on ETFs and Intraday Volatility
Over the past year, several news stories have focused on stock market volatility, particularly the...
Commodity Price Trends: It’s Fundamentals, Not Funds
As gasoline prices approach a national average of $4 per gallon, the role that financial investment...
All Funds and Investors Have a Stake in Our Challenge to CFTC
ICI and the U.S. Chamber of Commerce have joined together in a legal challenge to a rule by the...
Money Market Funds and Financial Stability: Reason and the Facts Must Guide Regulators
We are pleased to see that the Financial Stability Oversight Council continues to take a thoughtful...
Addressing the Economic and National Security Implications of Our Fiscal Crisis
As expressed forcefully by a group of fund industry leaders last November, America’s current...
What Happens If ‘Floating’ Funds Don’t Float?
Some recent coverage—including the CFOJournal blog of the Wall Street Journal—suggests that worries...
Bringing Money Market Funds’ European Investments into Focus
In his written testimony on Capitol Hill today, Federal Reserve Board Chairman Ben Bernanke created...
Money Market Funds: Let’s Stick to the Facts
As a banking regulator who was in office during the worst banking crisis since the Great Depression...
CFTC Decision Imposes Inconsistent Requirements on Funds, Hurts Shareholders
The Commodity Futures Trading Commission (CFTC) recently finalized a rule—known as Rule 4.5—that...
The Honest Truth About Forcing Money Market Funds to Float
Advocates for further regulation of money market funds string together a loose chain of arguments to...
The ‘Hue and Cry’ over Money Market Funds Is a Chorus of Many Voices
Securities and Exchange Commission Chairman Mary Schapiro took aim at money market funds again today...
Regulating Funds’ Use of Derivatives: Striking a Fine Balance
Much has been written about the dangers of derivatives, from Warren Buffett’s quote about “financial...
The (Dis)Connection Between ETFs and Market Volatility
In the past year, many commentators have charged that exchange-traded funds (ETFs) are responsible...
Prime Money Market Funds’ Eurozone Holdings Remain Low
Securities of eurozone issuers accounted for 14.0 percent of assets of U.S. prime money market funds...
Proposal to Implement Volcker Rule Raises Significant Issues for Regulated Funds Globally
Congress enacted the provision of the Dodd-Frank Reform Act known as the Volcker Rule to restrict...
Proposal to Implement the Volcker Rule Raises Deep Concerns for U.S. Registered Funds
Congress enacted the provision of the Dodd-Frank Act known as the Volcker Rule to restrict banks...
A Bad Diagnosis Could Be Fatal for Money Market Funds
Bad diagnosis leads to bad prescriptions—and the errors can be fatal. The Wall Street Journal’s lead...
Amended CFTC Rule 4.5 Appears to Impose Unnecessary Burdens on Many Mutual Fund Advisers
On February 8, the Commodity Futures Trading Commission (CFTC) issued amended Rule 4.5, a regulation...
Achieving the Proper Balance on FATCA
ICI and ICI Global have engaged actively with Treasury and the Internal Revenue Service (IRS) as...
The SEC’s Money Market Fund Plans—Scoring a Hat Trick Against Investors and the Economy
The Wall Street Journal reports today that the Securities and Exchange Commission (SEC) continues to...
An Important Step in the Process of Enhancing 401(k) Fee Disclosure
On February 2, the Department of Labor (DOL) issued final regulations concerning 401(k) disclosures...
Fund Investment in Commodities Provides Opportunity and Diversification for Investors
On Capitol Hill, a hearing at the Permanent Subcommittee on Investigations (PSI) raises questions...
Featured Chart: Americans Say Retirement Saving Incentives Should Be a National Priority
Stresses on the U.S. government budget have resulted in a reexamination of national priorities with...
ETF Basics: The Creation and Redemption Process and Why It Matters
One benefit of exchange-traded funds (ETFs) is that they give investors access to a range of...
Volcker Rule Implementation Threatens Global Investment Funds and Their Shareholders
The proposed implementation of the so-called Volcker Rule has serious implications for global...
ICI Registers Deep Concerns with the Volcker Rule Proposal
The “Volcker Rule” provision in the Dodd-Frank Wall Street Reform and Consumer Protection Act was...