22-member board to guide IFIC
Dollars flow to money market funds in September
Investors avoid investments in long-term funds
Focus to be on representation, advocacy, member services, education and communication
Also calls for greater competition, saying it has benefited consumers in most other industries
Investors park cash in money market funds
Industry assets near record high
Balanced funds remains investors category of choice
Industry’s net assets up approximately 1.7% from June
New award recognizes excellence in investor education