Investment company institute 2017 investment company fact book. Investment company institute washington, dc business. The 2017 acli fact book provides statistics and information on trends in the life insurance industry. Investment company institute ici data and statistics. According to the investment company institute 2017 fact book. Ici is the primary source of analysis and statistical information on the investment company industry in addition to the annual. Investment company institute letter to staff june 15, 1976 staff permits fund investment adviser to pay portion of fee to dealers selling shares. It is a great stepping stone for pursuing investment researchanalysis as you are able to learn a lot about the industry if you have the.
What to know about the investment company institute. Securities and exchange commission 100 f street, ne washington, dc 20549 dear chairman clayton, we appreciate the opportunity to respond to your request for public comments from retail investors and other interested parties on standards of conduct for investment advisers and brokerdealers. Pacifici on jun 27, 2017 the investment company institute ici is a leading global association of regulated funds, including mutual funds, exchangetraded funds etfs, closedend funds, and unit investment trusts uits in the united states and similar funds offered to investors in. The following post is based on commissioner steins recent address at the investment company institutes 2017 securities law developments conference. The average salary of a mutual fund manager career trend. Learn more about how governments offer special tax treatment for savings plans for specific goals, such as retirement and education. Resources investment company institute education foundation. Conference overview of the investment company complex.
Investment company institute fact book request pdf. Investment company institute is the author of the mutual fund fact book 2. The company provides certain financial and operating information about its business on a quarterly basis in this document. Trends in the expenses and fees of funds, 2017, ici research. Mutual fund managers are often known as portfolio managers. The investment company institute ici is the leading global association of regulated funds, including mutual funds, exchangetraded funds, closedend funds and unit investment trusts in the united states, and similar funds offered to investors in jurisdictions worldwide. Exchangetraded funds and the global financial cycle vox, cepr. These data cover the period from january 1997 to august 2017 for equities, and from. Our tools allow individuals and organizations to discover, visualize, model, and present their data and the worlds data to facilitate better decisions and better outcomes. Eightyfive percent ofrespondents conducted a proxy campaign in 2017 or 2018 and provided data for. What to call your fund cfa institute enterprising investor. The investment company institute ici is an association of u. Acli represents approximately 290 legal reserve life insurer and fraternal benefit society member companies operating in the united states. Investment company institute author of the mutual fund.
All ici tables exclude etfs, closedend funds and unit investment trusts. The sec is the sole regulator for the vast majority of secregistered investment. The growth of iras and defined contribution dc plans, particularly 401k plans, explains some of the increased household reliance on investment companies in the past three decades. Iras made up 10 percent of household financial assets at year. The decumulation period of a personal pension with risk. The investment company institute is an association of us mutual fund companies. The investment company institute ici is a leading global association of regulated funds, including mutual funds, exchangetraded funds. Investment companies collect funds from institutional and retail investors, and are entrusted with. Specific topics covered include assets, liabilities, income, expenditures, reinsurance, life insurance, and annuities. Investment company institute financial definition of. According to the investment company institute 2010 fact book, the median expense ratio for municipal bond mutual funds was 0. Address at investment company institutes 2017 securities law developments conference, by commissioner kara m. The investment company institute and other groups offer a variety of valuable investor education materials and tools. According to the investment company institute 2017 fact book, 19.
This means the expense ratio directly reduces the interest rate paid by a bond fund. Ici membership is open to all us open and closedend investment companies, as well as their investment advisers and underwriters. Institutions and individuals increasingly invest through funds that track. In this weeks focus on funds, icis sarah holden details how a tax code provision can. The life insurers fact book, the annual statistical report of the american council of life insurers acli, provides information on trends and statistics about the life insurance industry. Second quarter 2017, investment company institute september 27, 2017.
Globally, cfa institute members use more than 58,000 unique names for their employers. Investment company institute ici is the trade association for regulated fund companies. Epi comment to the sec regarding the fiduciary rule. This growth in aum is due to a significant investor shift out of actively managed funds, particularly since the financial crisis of 20072008. Investment company institute think tanks washington, dc 10,848 followers ici is the leading association representing regulated funds globally, including mutual funds, cefs, etfs, and uits. As of january 31, 2017 the amounts shown in this fact book are based on the most recently publically disclosed documents for fiscal 2017.
Market volatility is a fact of life, but few investors understand what it would take to return to break even if their portfolios value declined 33. The membersonly online edition is updated as new data become available and features web extras, including a chart index, view by state, download by chapter and archives. Investment company institute general membership meeting. The views expressed in the post are those of commissioner stein and do not necessarily reflect those of the securities and exchange commission. Asset managers arent in the business of doing charity work. Investment company institute, 2017 investment company fact book. Investment company fact book, 2019 knoema is the most comprehensive source of global decisionmaking data in the world. May 4, 1976 investment company institute raises issue of use of fund assets for promotional purposes. The eurekahedge database contains 23,237 hedge funds globally, 9,789 of which appear to be operating. Estimated longterm mutual fund flows, december, 2017. The investment company fact book remains one of ici researchs most. These changes became effective the first day of this fiscal year 2017. There was no shortage of lively discussion at the 2017 investment company institute ici general membership meeting gmm.
Investment company institute specializes in trade associations. More starkly, according to the ici, actively managed mutual funds lost assets to outflows in 2014, 2015. What you should know about dividend reinvestment plans. An investment company is a financial services firm that holds securities of other companies purely for investment purposes.
Stresstest your portfolio with this checklist investing. The investment company fact book remains one of ici researchs. The 2017 investment company institute fact book tallied up 19,215 usregistered investment companies in 2016. The investment institute tii is committed to providing a unique educational and networking platform for senior investment decision makers from leading endowments, foundations, pensions funds, single family offices sfos, multiclient family offices mfos, rias, consultants, outsourced cio firms, asset management firms and other financial.
The expense ratio is the annual percentage of expenses that is taken from a muni funds gross interest income. In its 57th edition, this ici publication continues to provide the public and policymakers with a comprehensive summary of icis data and analysis. Ici encourages adherence to high ethical standards, promotes public financial literacy of funds and investing, and advances. Click on the chapter headings on the left to navigate the online, membersonly version of the i. It is intended to be used as a supplement to marriotts annual report and quarterly reports on form 10q, and therefore does not include the companys consolidated financial.