Investment Company Institute

ETF investors—nearly 12 million US households—would face additional tax bills under Senator Wyden’s ETF tax legislation. Read ICI CEO Eric Pan’s statement opposing the proposal that would penalize ETF and mutual fund investors. http://ow.ly/sVOm50GbVCA

Americans continued to save for retirement through defined contribution plans during the first half of this year despite ongoing economic stresses brought about by the COVID-19 pandemic. Read our latest research: http://ow.ly/eRDP50G9J7t

Total money market fund assets decreased by $39.69 billion to $4.46 trillion for the week ended September 15. View more information on our website: http://ow.ly/xEK050Gbq1G

Unit investment trusts (UIT) had total deposits of $4.73 billion in August, with 124 new trusts issuing shares. Visit our website for more information about UIT data and statistical collections: http://ow.ly/wHed50GblKz

Visit our website for more information about the latest monthly money market fund portfolio holdings in prime and government funds: http://ow.ly/Ny8V50Gb9c8

Hear the latest on tax and accounting issues from fund sponsors, auditors, and SEC staff at the 2021 virtual Tax and Accounting Conference! You can still register for this year's event, which starts next week: http://ow.ly/utG050G3eYx

ICI CEO Eric Pan issued a statement opposing Senator Wyden’s proposal to penalize ETF and mutual fund investors. As many as 12 million US households would face additional tax bills under this proposal. http://ow.ly/KfOk50GaHBY

Total estimated inflows to long-term mutual funds and exchange-traded funds (ETFs) were $15.99 billion for the week ended September 8. View more information on our website: http://ow.ly/Zjod50GarWN

Total estimated inflows to long-term mutual funds were $5.36 billion for the week ended September 8. View more information on our website: http://ow.ly/mf4z50GaqiA

The Securities Law Development Conference is back in 2021! Register by September 22 to save $50: http://ow.ly/5C1k50G8T52

Don't miss our panel on COVID-19's impact on tax, accounting, and operations at this year's virtual Tax and Accounting Conference! Register here: http://ow.ly/B6lL50G3eCG

Exchange-traded funds had an estimated $10.63 billion in net issuance of shares for the week ended September 8. Get more ETF data: http://ow.ly/dt9E50G9G2F

https://www.facebook.com/icief.org/photos/a.959853527430299/4290110731071212

National 401(k) Day was Friday, but we're still celebrating. That's because nearly 60 million Americans in more than 600,000 plans are saving for their futures. Learn more about the benefits. http://ow.ly/2yKI50G6mf4

Among the many benefits it would provide, a move to T+1 would:
*streamline fund operations
*mitigate cash flow risks
*help funds better navigate market volatility on behalf of investors
Learn more about ICI's work with SIFMA and the DTCC: http://ow.ly/ZwmQ50G7gW0

You can still register for the virtual Foundations for Fund Directors®, happening next Monday and Tuesday! Keep your skills sharp and learn more about your responsibilities as an independent director: http://ow.ly/hVt650G7gEg

It's National 401(k) Day! Learn why 60 million Americans use these plans to save for : http://ow.ly/qHu050G7gG9

Processing fees cost more than $220 million per year, and investors end up bearing these excessive costs. The SEC should step in to help fix the broken processing fee framework for delivering information to fund investors. http://ow.ly/qZ9g50G7gTf

Fund industry wants lower fees for document delivery The Investment Company Institute says a 25-cent fund fee for emailed documents is excessive and hurts investors.

Get ready for the boardroom and learn:
*how mutual funds are regulated
*how to protect shareholder interests
*how to oversee valuation, liquidity, compliance, and risk management
There's still time to register for next week's event! http://ow.ly/caFt50G3muY

Total money market fund assets decreased by $5.21 billion to $4.50 trillion for the week ended September 8. View more information on our website: http://ow.ly/H6PX50G7gBf

A growing number of investors save for retirement through target date funds, new research from EBRI and ICI shows. Younger 401(k) savers also are more likely to hold these funds: http://ow.ly/w07r50G7bLE

Gain insight into director perspectives at this year's virtual Tax and Accounting Conference! You'll learn about oversight of financial reporting, audit, and tax, plus oversight of new regulatory rules and initiatives. Register now: http://ow.ly/qr7B50G3cK9

Guess what's back—SECLAW's back! Learn about the latest regulatory developments from senior SEC staff and industry leaders at this year’s Securities Law Development Conference. Register by September 22 to save $50: http://ow.ly/Kdk350G6nYb

Total estimated inflows to long-term mutual funds and exchange-traded funds (ETFs) were $24.54 billion for the week ended September 1. View more information on our website: http://ow.ly/PBp850G6iCM

Total estimated outflows from long-term mutual funds were $2.05 billion for the week ended September 1. View more information on our website: http://ow.ly/gLIc50G6gKf

The new UK prudential regime for investment firms represents a big change in how UK-domiciled MiFID investment firms will be regulated. Want to learn more? Check out tomorrow's webinar: http://ow.ly/mbYN50G5z4y

The Anti-Foreign Sanctions Law of the People’s Republic of China is aimed at safeguarding China's national security and development interests. Learn more about the new law in tomorrow's webinar:
http://ow.ly/lbmX50G5yQ2

Exchange-traded funds had an estimated $26.58 billion in net issuance of shares for the week ended September 1. Get more ETF data: http://ow.ly/D8RX50G5uBU

It's ERISA's anniversary month! Learn more about the law that helped create the IRA, a powerful tool Americans use to save for retirement: http://ow.ly/pFh550G40M0