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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

In 1940 few Americans had heard of mutual funds. Today, US mutual funds are the largest financial industry in the world, with over 88 million shareholders and over $11 trillion in assets. This book describes the developments that have produced mutual funds' long history of success. Among these are: the formation of the first mutual funds in the 1920s; 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 United States Securities and Exchange Commission, the federal agency that reg ... More

Keywords: mutual funds, 1929 stock market crash, regulation, Revenue Act, tax law, Investment Company Act, money market funds, individual retirement accounts

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780199753505
Published to Oxford Scholarship Online: January 2012 DOI:10.1093/acprof:oso/9780199753505.001.0001

Authors

Affiliations are at time of print publication.

Matthew P. Fink, author
Investment Company Institute

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