24 October 2012 - Principal Funds president and CEO Nora Everett has been elected to the Investment Company Institute
's board of governors.
Assistant Secretary of Labor for EBSA Phyllis Borzi said at the Investment Company Institute
's (ICI) annual conference in washington in early May that EBSA would move forward with a final rule in the next few months: The proposed rule was released in February and the comment period expired on May 2.
Donahue told attendees at a recent Investment company Institute
gathering, "I believe that it would be wise in the current market environment, for us to defer consideration of rule 12b-1 reform for this year."
LONG-TERM STOCK, BOND and hybrid funds had a net inflow of $36.8 billion in February 2006 compared with a net inflow of $39.74 billion in January, according to the Investment Company Institute
Following the September 11 terrorist attacks, American investors pulled $29.5 billion out of the stock market, reports the Investment Company Institute
in Washington, D.C.
According to the Investment Company Institute
, Washington, 401(k) assets reached an estimated $1.41 trillion by the end of 1998, or about 13% of the U.S.
Like a similar resolution in the House, the Senate's proposal seeks to roll back a Labor Department rule exempting city- and state-run retirement savings programs for private-sector employees from the strong saver protections of the Employee Retirement Income Security Act, according to the Investment Company Institute
In the four years ending 2011, individual investors pulled more than $395 billion out of stock mutual funds, according to the Investment Company Institute
.1 By contrast, more than $775 billion has been funneled into bond funds.
retirement system successfully provided adequate retirement resources, and successive generations of retirees have been better off, Investment Company Institute
(ICI) research found.
The Investment Company Institute
(ICI) filed friend-of-the-court briefs in support of a case before the U.S.
Mutual fund assets worldwide decreased 12.1 percent to $21.66 trillion at the end of the third quarter of 2008 according to the Investment Company Institute
. net cash flow to all funds was negative in the third quarter with $218 billion in outflows, the first worldwide outflow recorded since the third quarter of 2002.