The early managed fund industry : investment trusts in 19th century Britain

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Show simple item record Hutson, Elaine 2009-05-27T11:13:05Z 2009-05-27T11:13:05Z Centre for Financial Markets, 2003 en 2003-09
dc.description.abstract The early years of the 21st century have been a difficult and challenging time for the managed funds industry. The neglected history of managed funds reveals prior episodes of sustained growth, questionable practices, upheaval and inevitably, regulation. The first fully diversified managed fund appeared in Britain in 1868, and the industry remained largely a British preserve until the rise of the investment company and the mutual fund in the United States during the 1920s. This paper documents the features of the early trusts, discusses the rise of the industry and the challenges it survived in the early years, and draws parallels with facets of the finance industry of today. en
dc.format.extent 167844 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin. School of Business. Centre for Financial Markets en
dc.relation.ispartofseries Centre for Financial Markets working paper series en
dc.relation.ispartofseries WP-04-18 en
dc.subject Mutual fund en
dc.subject Investment trust en
dc.subject Investment company en
dc.subject Financial history en
dc.subject.classification G23 en
dc.subject.classification N23 en
dc.subject.lcsh Trusts and trustees--History en
dc.subject.lcsh Investments--History en
dc.subject.lcsh Financial institutions--History en
dc.title The early managed fund industry : investment trusts in 19th century Britain en
dc.type Working Paper en
dc.internal.authorid UCD0044
dc.internal.availability Full text available en
dc.internal.webversions en
dc.status Not peer reviewed en
dc.neeo.contributor Hutson|Elaine|aut|UCD0044

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