The Origins of Mutual Funds

K. Rouwenhorst

Yale School of Management Working Papers from Yale School of Management

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

Date: 2004-12-01, Revised 2008-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:ysm:wpaper:amz2450

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