Hedge fund and Mutual Fund In America Europe
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The first mutual fund was founded in 1924 in the US. It was not until 1940 that legislation was enacted that gave mutual funds the form in which they are common today. Funds have proved exceptionally popular in recent years, growing from $48 billion in assets at the end of the 1960s to $12.356 trillion in assets today
Mutual funds take many forms. One main division is between open-ended funds and closed-ended funds. An open-ended fund is one in which the fund remains open indefinitely to new capital. In this way, any investor can join the fund at any time. When new money is invested, new units are created to match the amount of the investment. The units remain a direct reflection of the underlying assets......
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