Investing in Funds: A Quarterly Analysis; Investor IQ -- Quiz: How Well Do You Know... Fund-World History?
You've heard about "taking a long-term view." This month, we're giving it a twist. We examine how we got to where we are in the U.S. fund industry, with a long look back -- to the 1800s, when a forerunner of the mutual fund appeared in the United Kingdom.</br></br>Can you name three giant U.S. fund companies that were started as the nation was recovering from the Great Depression? If Vanguard Group founder John Bogle didn't create the nation's first index-based fund, who did? Check out your history skills here:</br></br>1. In what U.S. city was the country's first stock mutual fund launched?</br></br>A. New York</br></br>B. Philadelphia