Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:ICI Meets Today Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, May 23, 2002

ICI CONFERENCE
ICI Meets Today

by: Tony Pennino

The Investment Company Institute's (ICI) Conference is underway in Washington, DC this week. 215 fund companies are represented. There are approximately 1,300 attendees, down from 1,600 last year. The uncertain economic times are still making their effects felt on the mutual fund industry.

Follow this link for ICI President Matthew Fink's opening remarks for the conference. His major theme concerned integrity in the industry even during difficult times. "There is only one way to ensure the continued integrity of our industry—that is to judge every action we take by one criterion and one criterion alone—whether it is in the best interests of fund shareholders," he stated.

Terry Glenn, chairman of the ICI, also spoke. Follow this link for his speech. He offered some words of hope and encouragement for attendees, "Despite the market’s downturn, American households have increased their reliance on mutual funds as a way of investing in stocks and bonds. At the same time, households are decreasing their direct holdings of stocks and bonds held outside of mutual funds. This shift to mutual funds occurs despite the expansion in recent years in alternatives to traditional mutual funds, such as exchange-traded funds and separately managed accounts. These products so far appear to have had very modest effects on the demand for mutual funds." 

See the list of all the 2002 Most Influential People



Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use