Investment Company Institute
The Investment Company Institute (ICI) represents the asset management industry in the United States and other jurisdictions in service of individual investors. 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 (as of October 2024) $37.1 trillion invested in funds registered under the US Investment Company Act of 1940, serving more than 120 million investors. Members manage (as of October 2024) an additional $8.7 trillion in regulated fund assets managed outside the United States. ICI also represents its members in their capacity as investment advisers to collective investment trusts (CITs) and retail separately managed accounts (SMAs). ICI has offices in Washington DC, Brussels, and London.
ICI’s mission is:
- To strengthen the foundation of the asset management industry for the ultimate benefit of the long-term individual investor by:
- Building a strong foundation for the industry by helping to strengthen policy and regulatory frameworks and encouraging sound governance, operational, and fiduciary practices.
- Serving as a focal point for collaboration among members in proactively addressing the industry’s most critical strategic issues and in setting robust standards that help the industry grow in a sustainable way.
- Advancing the interests of the individual investor through education and expanding access to regulated funds and other professionally managed products that help them meet their financial goals.
Regulatory Info
The Securities and Exchange Commission ("SEC" or "Commission") is the primary regulator of investment companies and investment advisers.
The primary law that governs investment companies is the Investment Company Act of 1940 (the "Investment Company Act; codified at 15 U.S.C. 80a-1 through 80a-64"). The SEC has adopted various regulations under the Investment Company Act that
further govern investment company operations (published in Title 17 of the Code of Federal Regulations ("CFR"), Part 270).
Persons who manage the portfolios of registered investment companies must register with the Commission as investment advisers under the Investment Advisers Act of 1940 (the "Advisers Act"). The Advisers Act, codified at 15 U.S.C. 80b-1 through
80b-21), and regulations adopted by the Commission under the Investment Advisers Act, govern registered investment advisers (published in 17 CFR, Part 275).
Investment companies are also subject to other federal securities laws (e.g., the Securities Act of 1933 and the Securities Exchange Act of 1934) and the regulations adopted under these laws.
Association Members
 Eric J. Pan
President and CEO
eric.pan@ici.org Assistant
Liz Roth
liz.roth@ici.org
|
 Eva M. Mykolenko
Associate Chief Counsel, ICI Global Affairs
Tel: +1 202 326 5837
Tel: +1 202 957 7226
emykolenko@ici.org |
 Sarah Holden
Senior Director, Retirement and Investor Research
Tel: +1 202 326 5915
Tel: +1 202 957 7226
sholden@ici.org |
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Contact Info
Head Office
1401 H Street, NW, Suite 1200
Washington, DC 20005
USA
Tel: +1 202 326 5800
www.ici.org
