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The Securities and Exchange Commission should modernize the Recordkeeping Rule under the Investment Advisers Act of 1940 to better reflect the realities of modern technology, ICI wrote in a joint letter with the Investment Adviser Association today.

ICI released a statement regarding President Trump’s executive order expanding workers’ access to retirement accounts.

ICI issued a statement in response to the Securities and Exchange Commission no-action letter to an asset manager on co-investment. The no-action relief will allow open-end funds serving millions of American investors to participate in co-investment transactions on a similar basis as other regulated funds.

ICI published the 2026 edition of the Investment Company Fact Book. Since 1960, the Fact Book, a compendium of the research and analysis conducted by the Institute over the previous year, has served as the most comprehensive source of facts and data about the asset management industry in the United States and across the globe.

ICI filed today a letter strongly supporting the Securities and Exchange Commission’s proposal to amend Form N-PORT. The new SEC proposal rectifies the not-yet-effective 2024 amendments to the form, adopted under the previous SEC leadership.

As investments in private credit attract more public attention, questions about how these assets are valued are coming into sharper focus. ICI today released a new paper outlining how regulated funds approach private credit valuation and the governance frameworks that support it.

ICI published a position paper on the European Commission’s Market Integration and Supervision Package, setting out targeted recommendations to strengthen the practical functioning of the EU’s cross‑border fund market and support the success of the Savings and Investments Union.

ICI released a statement in response to the Department of Labor’s proposed rule on Fiduciary Duties in Selecting Designated Investment Alternatives.

ICI released a statement after the Financial Stability Oversight Council unanimously voted to publish its proposed interpretive guidance on nonbank financial company determinations.

A new report released by the Investment Company Institute shows the average expense ratios for both actively managed and index mutual funds have decreased over the past 29 years, contributing to the overall decline in mutual fund expense ratios.