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)
|Rank||Name||Date of Creation|
|1||MFS Massachusetts Investors Fund (MITTX)||1924|
|2||Putnam Investors Fund (PINVX)||1925|
|3||Pioneer Fund (PIODX)||1928|
|4||Century Shares Fund (CENSX)||1928|
|5||Vanguard Wellington Fund (VWELX)||1929|
|7||CGM Mutual Fund (LOMMX)||1929|
|6||Seligman Common Stock Fund (SCSFX)||1930|
|8||Fidelity Fund (FFIDX)||1930|
|9||Dodge & Cox Balance Fund (DODBX)||1931|
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.
Understand what stock warrants are, the differences between warrants and options, and learn whether warrants or options are ...
Discover some of the most popular and highest rated mutual funds offered that hold stock portfolios in the financial services ...
Understand the primary differences between making investments in blue-chip stocks, mutual funds and exchange-traded funds ...
Learn how to manage losses and reduce risk in volatile markets while reviewing the differences between stop-loss orders and ...
A method for calculating the value of an asset using the last ...
A company that owns or controls two or more banks. Mutlibank ...
A mutual fund designed to provide higher returns when the market ...
A type of strategy regarding a put option, which is a contract ...
An indicator developed by Peter G. Martin and Byron B. McCann ...
To maximize potential returns for certain levels of risk (while ...