Wednesday, December 7, 2016
Do you love charts? Do you need/want a break from grading/procrastinating/writing frantically on a deadline real or self-imposed? All of these things at once? Welcome to the month of December-- the time of year that should be a break from our schedules, but which always (and I mean ALWAYS) is my busiest time when I try to fit 6 weeks of work into 2.
My December gift to you? The Investment Company Factbook. The Investment Company Institute (ICI), is an association of regulated funds that collects and distributes data from its members. The full text of the Factbook (an annual publication) is available here, and the charts (and underlying data) are available here. I wept when I first discovered this source while writing years ago. ICI information is widely used in legal research. A quick search produced 3,265 law reviews and journal articles. For critiques of ICI's information and framing, see John C. Bogle, Mutual Funds at the Millennium: Fund Directors and Fund Myths, at http://www.vanguard.com/bogle_site/may152000.html (May 15, 2000); John P. Freeman & Stewart L. Brown, Mutual Fund Advisory Fees: The Cost of Conflicts of Interest, 26 J. Corp. L. 609, 625/26 (2001); and yours truly in Anne M. Tucker, Locked in: The Competitive Disadvantage of Citizen Shareholders, 125 Yale L.J. Forum 163 (2015).
Now back to writing/grading/procrastinating!