Investment Company Institute - ICI


DEFINITION of 'Investment Company Institute - ICI'

Founded in 1940, the Investment Company Institute, based in Washington, D.C., is the national trade association of U.S. investment companies, which includes mutual funds, closed-end funds, exchange-traded funds and unit investment trusts.

BREAKING DOWN 'Investment Company Institute - ICI'

The ICI encourages high ethical standards for all industry participants, advances the interests of its members, promotes public understanding of the fund industry and undertakes statistical studies and research on matters related to the fund business. The ICI publishes an annual "Fact Book" in May. It provides a comprehensive review of trends, activities and statistics on mutual funds, exchange-traded funds and closed-end funds.

  1. Exchange-Traded Fund (ETF)

    A security that tracks an index, a commodity or a basket of assets ...
  2. Unit Investment Trust - UIT

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  3. Mutual Fund

    An investment vehicle that is made up of a pool of funds collected ...
  4. Closed-End Fund

    A closed-end fund is a publicly traded investment company that ...
  5. Alpha

    Alpha is used in finance to represent two things: 1. a measure ...
  6. Equity

    Equity is the value of an asset less the value of all liabilities ...
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  1. Why have mutual funds become so popular?

    Mutual funds have become an incredibly popular option for a wide variety of investors. This is primarily due to the automatic ... Read Full Answer >>
  2. Do mutual funds pay dividends?

    Depending on the specific assets in its portfolio, a mutual fund may generate income for shareholders in the form of capital ... Read Full Answer >>
  3. Can mutual funds invest in hedge funds?

    Mutual funds are legally allowed to invest in hedge funds. However, hedge funds and mutual funds have striking differences ... Read Full Answer >>
  4. What are the risks of annuities in a recession?

    Annuities come in several forms, the two most common being fixed annuities and variable annuities. During a recession, variable ... Read Full Answer >>
  5. Do financial advisors get paid by mutual funds?

    Financial advisors are reimbursed by mutual funds in exchange for the investment and financial advice they provide. A financial ... Read Full Answer >>
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    Fiduciary duty is one the most important professional obligations. It basically provides a much-needed protection for individuals ... Read Full Answer >>

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