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Home / Columns and Features / Have mutual funds become obsolete? (access required)

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 Massachusetts Investors Trust by the company now known as MFS Investment Management. But the mutual fund’s antecedents reach back much further into the late 1700s when a Dutch merchant, Adriann van Ketwich, created the first ...

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The seasonal risk of mutual funds: capital gain distributions (access required)

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