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The Rise of Mutual Funds
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The Rise of Mutual Funds: An Insider's View

Matthew P. Fink

Abstract

The book describes the developments that caused mutual funds to go from a virtually unknown financial product in the 1920s to the largest financial industry in the world today. It covers the formation of the first mutual funds in the roaring ’20s; how the 1929 stock market crash, a disaster for most financial institutions, spurred the growth of mutual funds; the establishment in 1934, over FDR's objection, of the Securities and Exchange Commission, the federal agency that regulates mutual funds; enactment of the Revenue Act of 1936, the tax law that saved mutual funds from extinction; passage ... More

Keywords: mutual funds, 1929 crash, Securities and Exchange Commission, Revenue Act, Investment Company Act, money market funds, 401(k) plans, late trading, market timing

Bibliographic Information

Print publication date: 2008 Print ISBN-13: 9780195336450
Published to Oxford Scholarship Online: January 2009 DOI:10.1093/acprof:oso/9780195336450.001.0001

Authors

Affiliations are at time of print publication.

Matthew P. Fink, author

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