Investment Company Institute
Formation | 1940 |
---|---|
Purpose | To encourage adherence to ethical standards by industry participants; advance the interests of funds, their shareholders, directors, and investment advisers; and promote public understanding of mutual funds and other investment companies. |
Location |
|
Chair | Yie-Hsin Hung |
Vice Chairman | George C. W. Gatch |
President and CEO | Eric J. Pan |
Main organ | Board of governors |
Website | www |
Formerly called | National Association of Investment Companies |
The Investment Company Institute (ICI) is a global association of regulated funds, including
History
Following the
ICI Global
In 2011, ICI expanded internationally with the launch of the London-based ICI Global, which seeks to advance the interests of international funds, managers, and investors, including both regulated U.S. and non-regulated U.S. based funds publicly offered to investors worldwide.[5] In 2013, ICI Global expanded into Asian markets with the opening of an office in Hong Kong,[6] and in 2020, ICI opened an office in Brussels.
Role in regulation and education
As an association made up of U.S. investment companies, including mutual funds, closed-end funds, exchange-traded funds (ETFs), and unit investment trusts (UITs), ICI encourages adherence to ethical standards among its members.
ICI's research department includes economists and research analysts who collect and disseminate data on all types of registered investment companies; in 2020, they released more than 300 statistical reports examining various aspects of the industry, as well as 20 research and policy publications.
Political role
ICI lobbies on behalf of investment companies and sometimes advocates directly to the public on issues important to its members. It also donates to federal candidates through its political action committee. ICI PAC raised $1,676,728, plus $947,200 more, directly for federal candidates during the 2020 election cycle, supporting the reelection of 222 lawmakers on both sides of the aisle.[18]
Membership
ICI membership is open to
Leadership
ICI is run by a
References
- ^ "Wisconsin Department of Financial Institutions". Wdfi.org. Retrieved 2013-08-26.
- ^ "Investment Company Act of 1940". Personal.psu.edu. 2012-11-27. Retrieved 2013-10-08.
- ISBN 9780262294904. Retrieved 2013-08-26.
- ISBN 9780470553794. Retrieved 2013-08-26.
- ^ Benjamin, Jeff (October 11, 2011). "ICI extends reach with global launch". Investment News. Retrieved 5 November 2013.
- ^ Flood, Chris (2013-02-24). "ICI Global to open Hong Kong office". FT.com. Archived from the original on 2022-12-11. Retrieved 2013-11-07.
- ^ "Investment Company Institute: Private Company Information - Businessweek". Investing.businessweek.com. Archived from the original on January 28, 2012. Retrieved 2013-10-08.
- ^ Aven, Paula (2012-04-26). "Spark Institute, ICI update fee disclosure glossary". BenefitsPro. Retrieved 2013-10-28.
- ^ "About". Iifaneworleans2013.org. Retrieved 2013-10-08.
- ^ "General Counsel Testifies on 401(k) Plan Disclosure at ERISA Hearing, September 2004". ICI. Retrieved 2013-08-26.
- ^ "Investment Company Institute |". Thetrustadvisor.com. Retrieved 2013-08-26.
- ^ "Regulation in a Global Financial System". SEC.gov. Archived from the original on 2013-10-23. Retrieved 2013-11-07.
- ^ "Comment Letters". ICI. Retrieved 2013-11-07.
- ^ "2017 Investment Company Fact Book". Icifactbook.org. Retrieved 2018-04-09.
- ^ "What Is the Investment Company Institute?". Wisegeek.net. Retrieved 2013-08-26.
- ^ "Continuing Professional and Legal Education (CPE and CLE)". ICI. Retrieved 2013-08-26.
- ^ "Other Links". Cffp.edu. Retrieved 2013-08-26.
- ^ "2020 ICI Annual Report". 2020ici.org. Retrieved 2021-02-10.
- ^ "Criteria for Membership". ICI. Retrieved 2019-03-19.
- ^ "2020 Annual Report to Members". ICI. Retrieved 2021-02-10.
- ^ a b "About ICI". Ici.org. Retrieved 2021-02-10.
- ^ "Board & Leadership". ICI. Archived from the original on 2013-08-13. Retrieved 2013-08-26.
External links
- Investment Company Institute website
- Investment Company Institute at SourceWatch