2023 ICI Annual Report to Members
Bringing the perspective of funds, their shareholders, directors, and advisers to regulators and policymakers around the world.
The Investment Company Institute (ICI) is the leading association representing regulated investment funds. ICI’s mission is to strengthen the foundation of the asset management industry for the ultimate benefit of the long-term individual investor. ICI’s members include mutual funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts (UITs) in the United States, and UCITS and similar funds offered to investors in other jurisdictions. Its members manage $29.9 trillion invested in funds registered under the US Investment Company Act of 1940, serving more than 100 million investors. Members manage an additional $8.5 trillion in regulated fund assets managed outside the United States. ICI also represents its members in their capacity as investment advisers to certain collective investment trusts (CITs) and retail separately managed accounts (SMAs). ICI has offices in Washington, DC, Brussels, and London, and carries out its international work through ICI Global.
History of ICI
The Investment Company Institute (ICI) has been a key institution in the securities markets since the first half of the 20th century.
- For more than 80 years, its purpose has been to support regulation that strengthens the foundation of investment companies and asset managers more broadly for the ultimate benefit of the long-term individual investor.
- It is the only association that represents US mutual funds, exchange traded funds, and closed-end funds as well as UCITS and other collective investment vehicles.
- Its membership is nearly universal, including funds with 97% of total US fund assets.
Benefits of Membership in the Investment Company Institute
For more than 80 years, regulated funds have helped investors around the world realize their most significant financial goals. Your firm is one of hundreds that bring funds and their vital services to hundreds of millions of the world’s savers.