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Investment Company Institute (ICI) |
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Investment Company Institute (ICI)A national industry group of investment companies, including mutual funds, founded in 1940.Investment Company Institute (ICI) Similar MatchesInvestment companyInvestment companyA company which invests the funds of small private investors in a range of securities. This enables fund shareholders to partake in ownership of a diversified portfolio of shares. Investment companies are classified as either open end (mutual fund) or closed end (investment trust). Investment letterInvestment letterA letter of intent between the issuer of new securities and the buyer, in the private placement of these new securities. The letter of intent establishes that the securities are being bought for a minimum time period and are treated as an investment, not for resale. If no such letter exists, the securities must be registered with Securities and Exchange Commission. Unit investment trustUnit investment trustMoney invested in a portfolio whose composition is fixed for the life of the fund. Shares in a unit trust are called redeemable trust certificates, and they are sold at a premium to net asset value. Dividend reinvestment planDividend reinvestment planA plan which allows private investors to reinvest cash dividends from their investments cheaply and easily back into the market, and so obtain the benefits of compounding.The Plan is managed by an administrator appointed by the company. On the dividend date, shareholders who join the plan are still paid the cash dividend, but the administrator then uses the cash to buy shares in the company on behalf of the shareholder. Any cash left over is sent to the shareholder in the normal way. Dealing commission on such purchases is usually 1%. Note that the Plan Administrator does not have to make the plan available for any and every dividend that the company pays. If it is not made available, shareholders will receive the cash dividend. Target investment mixTarget investment mixThe percentage mix of stocks, bonds, and short-term reserves that an investor considers appropriate based on his/her personal objectives, time horizon, risk tolerance, and financial resources. Further SuggestionsTrade-related investment measureinvestment Investment value Investment Risk Foreign direct investment (FDI) Unit Share Investment Trust (USIT) Investment club Leveraged investment company Normal investment practice Unamortized premiums on investments Registered investment company local authority investment Regulated investment company Diversified investment company Finite Life Real Estate Investment Trust (FREIT) Passive investment management Investment philosophy investment business Investment climate Investment software Direct investment Undertakings for Collective Investment in Tradable Securities Investment bank Foreign Direct Investment Investment Company Act of 1940 |
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