INDUSTRY AND FINANCIAL ANALYSIS

Sean Collins, Senior Economist, heads ICI’s research on the structure of the mutual fund industry, industry trends, and the broader financial markets. Collins, who joined ICI in 2000, is responsible for conducting and overseeing research on the flows, assets, fees of mutual funds, as well as a major recent research initiative to better understand the costs and benefits of laws and regulations governing mutual funds.

INVESTOR RESEARCH

Sandra West, Director, is responsible for managing investor research on a range of topics relevant to the fund industry and policy formation. Under West’s leadership since 1986, Investor Research also maintains trend data on mutual fund-owning households, tracks ownership of retirement products, and publishes reports on topics such as shareholder behavior and decisionmaking and fund owners’ use of information and advisers.

RETIREMENT, TAX, AND INTERNATIONAL RESEARCH

Sarah Holden, Senior Economist, conducts and oversees research on the U.S. retirement market, retirement and tax policy, and the worldwide mutual fund industry. Holden, who joined ICI in 1999, also studies 401(k) participants’ activities using information from a collaborative data collection effort between ICI and the Employee Benefit Research Institute (EBRI).

STATISTICAL RESEARCH

Judy Steenstra, Director, oversees the collection and publication of weekly, monthly, quarterly, and annual data on open-end mutual funds, as well as data on closed-end funds, exchange-traded funds, unit investment trusts, and the worldwide mutual fund industry. Steenstra joined ICI in 1987, and was appointed Director of Statistical Research in 2000.

INDUSTRY AND FINANCIAL ANALYSIS

• “Fees and Expenses of Mutual Funds, 2004,” Fundamentals, October 2005
• “Are S&P 500 Index Mutual Funds Commodities?” Perspective, August 2005
• “How Mutual Funds Use 12b-1 Fees,” Fundamentals, February 2005

INVESTOR RESEARCH

• “Shareholder Sentiment About the Mutual Fund Industry, 2005,” Fundamentals, December 2005
• “Equity Ownership in America, 2005,” Research Series, November 2005
• “U.S. Household Ownership of Mutual Funds in 2005,” Fundamentals, October 2005
• “Ownership of Mutual Funds Through Professional Financial Advisers,” Fundamentals, April 2005

RETIREMENT AND TAX RESEARCH

• “401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2004,” Perspective, September 2005
• “Mutual Funds and the U.S. Retirement Market in 2004,” Fundamentals, August 2005
• “The Influence of Automatic Enrollment, Catch-Up, and IRA Contributions on 401(k) Accumulations at Retirement,” Perspective, July 2005
• “The Individual Retirement Account at Age 30: A Retrospective,” Perspective, February 2005
• “IRA Ownership in 2004,” Fundamentals, February 2005