Abstract

http://ssrn.com/abstract=636146
 
 

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Citations (5)



 


 



The Origins of Mutual Funds


K. Geert Rouwenhorst


Yale School of Management - International Center for Finance

December 12, 2004

Yale ICF Working Paper No. 04-48

Abstract:     
Mutual funds emerged as early as the second half of the 18th century in The Netherlands. The paper traces the history of mutual funds from the development of securitization in the 17th century to the invention of depository receipts in the 19th century. The apparent motivation for organizing the first mutual funds was to provide diversification for small investors.

Number of Pages in PDF File: 33

JEL Classification: G2, N2, N23

working papers series


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Date posted: December 16, 2004  

Suggested Citation

Rouwenhorst, K. Geert, The Origins of Mutual Funds (December 12, 2004). Yale ICF Working Paper No. 04-48. Available at SSRN: http://ssrn.com/abstract=636146

Contact Information

K. Geert Rouwenhorst (Contact Author)
Yale School of Management - International Center for Finance ( email )
135 Prospect Street
P.O. Box 208200
New Haven, CT 06520-8200
United States
203-432-6046 (Phone)
203-432-8931 (Fax)
HOME PAGE: http://som.yale.edu/~geert/

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