WWW.DOHFWBIHAR.ORG

cryptocurrency

What Are the Oldest Mutual Funds?

Mutual funds, a crucial part of the retirement and investment strategy of so many people and institutions today, were first introduced in the United States in 1924, by MFS Investment Management.

12 Although not publicly available until 1928, the very first fund, the MFS Massachusetts Investors Trust, provided a way for select investors to pool their money

And potentially see greater returns by leveraging economies of scale and professional portfolio management.

The idea behind creating this type of pooled investment was to allow a group of small investors access to a range of stocks

And a group of fund managers that would have otherwise been out of their price range.

MFS Massachusetts Investors Trust (MITTX)

1924

Putnam Investors Fund (PINVX)

1925

Pioneer Fund (PIODX)

1928

Vanguard Wellington Fund (VWELX)

1929

CGM Mutual Fund (LOMMX)

1929

Fidelity Fund (FFIDX)

1930

Dodge & Cox Balance Fund (DODBX)

1931

WWW.DOHFWBIHAR.ORG

Thanks For Reading!

Next: Rainbow Riches: Play Rainbow Riches Slots Online