The mood at the Investment Company Institute ’s 50th Annual General Membership Meeting in Washington, D.C., earlier this month, themed “Our Foundations, Our Future,” was markedly upbeat. Certainly, this is welcome and refreshing, especially following the dot-com crash of 2000-2001, the mutual fund scandals of 2003-2005 and this year’s subprime credit crisis hitting the financial services industry and Wall Street, in particular, so hard.


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