Mutual Funds

Mutual Funds
Mutual funds are an attractive investment vehicle in the United States today. In fact, according to the Investment Company Institute's 1992 Mutual Fund Fact Book, there are more mutual funds available than stocks on the New York Stock Exchange!

A Mutual Fund is a pool of money owned by several different people invested into a mutual funds company, which invests the money into:
money markets
governement and commercial bonds
stocks

Mutual Funds in Economics
In Economics, Mutual Funds play the role of an investment vehicle, this is because there is a continual flow of money going into the economy. They drive the market forward.

The History of Mutual Funds
The Mutual Funds industry was born 76 years ago in the United States. The first open-end mutual fund, Massachusetts Investors Trust was founded on March 21, 1924 and after one year had 200 shareholders and $392,000 in assets. The entire industry, which included a few closed-end funds, represented less than $10 million in 1924. At the end of December 1999, the industry's explosive growth includes more than 8,000 mutual funds with over $6.8 trillion in assets.

Other Mutual Fund Related Sites

Providers of news and analyses on markets, stocks, and mutual funds, for the individual investor.
Links to fund companies, daily pricing on 1,000+ funds, education library, industry news, opinion poll and more.
Features news, articles, links websites and scheduled chat announcements.
Mutual Fund Ideas. ...