Investment securities have come a long way and they have a very long history. Mutual funds in particular have been in existence for such a long time that there is now only speculation about their date of inception into the stock market. They are believed to have been launched in 1822 by King Williams in the Netherlands.
King Williams is believed to have begun a pool of funds with the aim of bringing business people together to enlarge their investment prospective. His idea was right and it has now given birth to so many types of securities under mutual funds. They have performed well over the years and more is yet to come because more and more people are investing in them each day.
The idea of pooling resources spread across Great Britain and France in the early 1840s. Close to the end of this century, the mutual funds had become a common phenomenon in Scotland, Switzerland and the United States. In the US, the growth of the funds was propelled by the establishment of The Boston Property Trust, which was formed in 1893. With time, modern ways of investing and managing the pool came up and this is when the Alexander fund was formed. Continue reading ‘Mutual Funds History’ »