What are the oldest mutual funds, by date of inception?
Mutual funds were first introduced in the United States by MFS Investment Management in 1924. Although not public until 1928, the MFS Massachusetts Investors Fund provided a way for select investors to pool their money together. The idea behind creating this investment was to allow a group of small investors access to a range of stocks and fund managers that would otherwise have been out of their price range.
|Oldest Mutual Funds By Inception Date (Still Active)
||Date of Creation
||MFS Massachusetts Investors Fund (MITTX)
||Putnam Investors Fund (PINVX)
||Pioneer Fund (PIODX)
||Century Shares Fund (CENSX)
||Vanguard Wellington Fund (VWELX)
||CGM Mutual Fund (LOMMX)
||Seligman Common Stock Fund (SCSFX)
||Fidelity Fund (FFIDX)
||Dodge & Cox Balance Fund (DODBX)
Finding mutual funds according to the inception date is only one way to sort through the thousands of mutual funds available. Additional sorting options include: rating, one-year returns, five-year returns, risk and investment style, among others. Some good resources for mutual fund research on set criteria include Morningstar and Yahoo! Finance. Look for a screening tool in the mutual fund section and select the characteristics you are looking for. You may need a subscription to gain access to more advanced screening tools.
To learn more, read A Brief History Of The Mutual Fund.