ETF Assets Jump More Than 30% Over Past Year to $1.6 Trillion
The great majority of those assets were in domestic equity funds; mutual fund assets grow at much slower pace.
Rollovers From Employer-Sponsored Plans Fueling IRA Growth: ICI
Nearly half of traditional IRA-owning households in the U.S. say their IRAs contain rollovers from employer-sponsored retirement plans, according to ICI.
Americans to Congress: Hands Off Our Retirement Accounts
A survey released by the Coalition to Protect Retirement found 87% of Americans think retirement accounts should be “off limits” to Congress.
Americans Still Focused on Saving
Americans continued their commitment to saving in the first half of the year, according to an analysis of recordkeeper data by Investment Company Institute.
Asset Managers as SIFIs? No Way, Trade Groups Say
SIFMA and the IAA called on the Treasury to withdraw its report on asset managers' systemic importance, calling it biased and inaccurate.
Most IRA, 401(k) Balances Reached Precrisis Levels in 2011
The Investment Company Institute released on Thursday a pair of studies that show how far investors have come from the 2008 financial crisis.
GOP to Offer Temporary Debt Ceiling Plan
The plan would also permanently bar Treasury from using extraordinary measures to avoid default.
Obama Refuses to Negotiate ‘Under the Threat of Economic Catastrophe’
Some independent analysts say that the real debt limit deadline is Nov. 1, when the Treasury is scheduled to make nearly $60 billion in payments.
Older Workers More Likely to Have Access to Retirement Plans
The workers most likely to be focused on saving for retirement probably have access to an employer-sponsored plan and are contributing to it, ICI says.
Vanguard CEO to Chair ICI Board of Governors
William McNabb, chairman and CEO of The Vanguard Group, has been elected chairman of the ICI Board of Governors, the institute announced Thursday.