The Investment Company Institute
The Investment Company Institute (ICI) is the leading association globally representing regulated funds—including mutual funds, exchange-traded funds (ETFs), closed-end funds, and unit-investment trusts (UITs) in the United States, and similar funds available to investors in jurisdictions worldwide. ICI seeks to encourage adherence to high ethical standards, promote public understanding, and otherwise advance the interests of funds and their shareholders, directors, and advisers.
A Report by the Investment Company Institute and Strategic Business Insights
Households that own exchange-traded funds (ETFs) tend to be younger than households that hold mutual funds outside retirement accounts, according to a new joint report by the Investment Company Institute and Consumer Financial Decisions (CFD). CFD's MacroMonitor finds that 21% of ETF households are headed by a person younger than age 40, in comparison with 15% of heads of retail-mutual-fund-owning households. Overall, ETF households are self-assured and self-reliant when making their financial decisions. ETF households are also more likely than retail-mutual-fund households to take financial risk and invest in equities. Read more