tailieunhanh - 2011 Annual Report TO MEMBERS

Since the advent of the financial crisis in the summer of 2007, each year has brought new challenges to financial markets, the fund industry, and ICI. For us, 2011 will be remembered as an inflection point: a period when the Institute engaged with more ., foreign, and multinational policymakers on more issues of greater consequence for our members than at any time before. Working closely with our members, we dealt with an unprec- edented level of regulatory activity: implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act; ongoing e orts to make money market funds more resilient; continuing close scrutiny of. | O INVESTMENT COMPANY INSTITUTE 2011I Annual ReportlTO MEMBERS Who Does ICI Represent More than 13 000 funds Number of investment companies by type 8 480 Mutual funds TOTAL 13 758 FUNDS With more than 13 trillion in assets Investment company assets billions of dollars 12 047 Mutual funds 225 Closed-end funds 812 Exchange-traded funds 41 Unit investment trusts TOTAL 13 125 BILLION Serving more than 92 million shareholders Ownership of funds offered by investment companies 2011 percent OF . HOUSEHOLDS OWN FUNDS million . HOUSEHOLDS OWN FUNDS million INDIVIDUALS OWN FUNDS Data for mutual funds closed-end funds and exchange-traded funds are as of June 2011. Data for unit investment trusts are as of December 2010. Source Investment Company Institute Contents To Our Members Letter from Paul Schott Stevens ICI President and Question Answer With Edward C. Bernard ICI Chairman Roundtable Dodd-Frank Wall Street Reform and Consumer Protection Preserving Money Market ICI Research Illuminates Issues Facing Money Market Case Study Improving the Tax Treatment of Fund Impact of International Developments for Roundtable Addressing the Benefits and Challenges of Social Risk Management IDC and ICI Lead the Way in an Evolving Ruling Highlights Need for Robust Economic Strength of the Defined Contribution Plan Question Answer With James E. Ross Chair ICI ETFs ICI Advocacy on Markets and ICI s Political Program The Chairman s 53rd Annual General Membership Meeting The Way Forward With Fund ICI Education Foundation Promoting Financial Education in the National Capital Organization and ICI Board of Governing Council of the Independent Directors ICI Standing Committees and ICI Publications and ICI and IDC ICI Mutual .