Episode 410: The State of Investing in 2026
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This is the Rational Reminder Podcast, a weekly reality check on sensible investing and financial decision-making from two Canadians. We're hosted by me, Benjamin Felix, Chief Investment Officer, and Dan Bordelotti, portfolio manager at PWL Capital. Welcome to episode 410. Yeah, so in this episode, we're joined by Shelly Antanevich, who I met in New York City when she was on a panel that I was moderating. Shelly is the chief economist at the Investment Company Institute, or ICI.
So ICI is a trade association representing the asset management industry and the individual investors that they serve. And as a group, they advocate for policies that strengthen capital markets and democratize access to them for the benefit of long-term individual investors saving for retirement and other financial goals. They do a ton of research, which Shelley leads that team, on the structure and trends of the ETF mutual fund industries on financial markets in the US and around the world. And Shelley contributes to analysis on financial systemic risks. and conducts economic analysis on the impacts of proposed laws and regulations governing funds.
She's been with ICI since 2005, serving as senior economist, senior director of industry and financial analysis, and deputy chief economist. And prior to that, she spent 13 years as a staff economist and senior economist at the Federal Reserve Board. And Shelley's got a PhD in economics from the University of Wisconsin, Madison. I don't know if listeners will be familiar with this or not, but they should be and we'll put a link to it in the description. ICI produces this massive document every year called the Investment Company Factbook.
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