Liquidity
Under U.S. Securities and Exchange Commission guidance, at least 85 percent of a mutual fund’s portfolio must be invested in “liquid securities”— assets that can be “sold or disposed of in the ordinary course of business within seven days at approximately the value at which the mutual fund has valued the instrument on its books.” While fund managers monitor and manage portfolio liquidity daily, fund boards oversee liquidity management as part of their oversight of compliance and portfolio management.
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Webinars
Date:
February 23, 2017
Location:
Virtual
Time:
2:00 PM EST
IDC Update: April 25, 2024
DOL Releases Final Fiduciary Investment Advice Package The Department of Labor released its final...
Regulatory Matters
ICI Supplemental Comments to SEC on Investment Company Liquidity Risk Management Programs (pdf)
IDC Files Comment Letter Supporting Move to T+2 Settlement Cycle (pdf)
IDC Letter to SEC Highlights Proper Role of Fund Boards
IDC Letter to SEC Highlights Proper Role of Fund Boards Letter Outlines Approach to Limiting...