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Mutual fund fundamentals: Part 2 (access required)

Mutual funds continue to be a popular investment option for retail investors. At year-end 2017, retail investors owned 90 percent of the 18.7 trillion U.S. mutual fund assets, with the remaining 10 percent owned by institutional investors. Mutual funds appeal to retail investors because they provide access to a professionally managed investment portfolio at a ...

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Have mutual funds become obsolete? (access required)

Mutual funds are essentially a 1920s innovation. The modern mutual fund dates back to 1924 with the creation of the ...