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2012 Investment Company Fact Book

May 11, 2012 Comments off
Source:  Investment Company Institute

ICI’s annual compilation—our fifty-second edition—reports on retirement assets, characteristics of mutual fund owners, use of index funds, and other trends.

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Study: U.S. Households Believe Current Retirement Saving Incentives Should Be Maintained

January 27, 2012 Comments off
Source:  Investment Company Institute
As U.S. policymakers consider tax policy and how to resolve federal budget deficits, more than eight in 10 U.S. households believe the current tax incentives to encourage retirement saving should be preserved, according to new research released today by the Investment Company Institute (ICI). The research is based on data collected in a survey of 3,000 U.S. households in November and December 2011.
The ICI study—America’s Commitment to Retirement Security: Investor Attitudes and Actions—found that such agreement was consistently high across various demographic and financial characteristics. Households were asked their views on changing the tax incentives for retirement plans and whether saving incentives for retirement should be a national priority. Specifically, the survey found:
Households overwhelmingly support maintaining the tax incentives for retirement saving. Eighty-five percent of all U.S. households disagreed when asked whether the tax advantages of DC accounts should be eliminated. Eighty-three percent opposed any reduction in workers’ account contribution limits. Among households owning defined contribution (DC) accounts or individual retirement accounts (IRAs), nearly nine in 10 disagreed with eliminating or reducing the tax incentives.
 A vast majority of households agree that preserving the current retirement savings incentives should be a national priority. Eighty-eight percent of households owning DC accounts or IRAs agree with this policy priority, while 76 percent of households without DC accounts or IRAs agree.
“It is clear that the current tax incentives to encourage Americans to build a nest egg in retirement accounts are effective and command the overwhelming support of the American public,” said Paul Schott Stevens, ICI president and CEO. “Our latest household survey shows that a great majority of U.S. households believe, even in an era of necessary federal budget reforms, that preserving these incentives should be a national priority.”
 + Full Report (PDF)

Profile of Mutual Fund Shareholders, 2010

February 26, 2011 Comments off

Profile of Mutual Fund Shareholders, 2010 (PDF)
Source: Investment Company Institute

Mutual funds have grown to represent an important part of the U.S. financial system over the past two decades. Between mid-year 1989 and mid-year 2010, assets held in mutual funds have increased from $899 billion to $10.5 trillion. The number of U.S. households that owned mutual funds rose from 23.2 million to 51.6 million over the same period. As a result, as of mid-year 2010, 43.9 percent of U.S. households owned mutual funds, representing 90.2 million individual mutual fund shareholders. Further, mutual fund holdings represent a significant component of the savings and investments of many American households, with mutual fund assets now accounting for one-fifth of households’ financial assets.

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