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Born in Montgomery, Alabama, Dreyfus was a graduate of Lehigh University in Pennsylvania. [2] He is widely publicized for being the man who "invented" the commonplace mutual fund through direct marketing to the public.
A mutual fund is an investment fund that pools money from many investors to purchase securities.The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK.
The firm's origin dates back to 1947, when investor Jack Dreyfus founded a brokerage house in New York City named Dreyfus & Co. [2] [3]. In 1951, attracted by the concept of mutual funds, Dreyfus & Co. purchased a small management company named John G. Nesbett & Co., Inc. with a small common stock fund called The Nesbett Fund Incorporated.
John Clifton "Jack" Bogle (May 8, 1929 – January 16, 2019) was an American investor, business magnate and philanthropist. He was the founder and chief executive of The Vanguard Group and is credited with popularizing the index fund.
Howard Mathew Stein (October 6, 1926 – July 26, 2011) [1] was an American financier who is widely considered one of the fathers of the mutual fund industry. He was featured on the cover of Time magazine on August 24, 1970. [2] Stein invented the first "no load" money market fund and created the first tax-free municipal bond fund. [1]
A mutual fund is a type of pooled investment fund in which many people own shares. Mutual funds invest in many different companies, and some even invest in the entire stock market.
Mutual funds typically pay dividends to shareholders on a predetermined schedule – often quarterly, semi-annually or annually. These dividends come from the stocks and bonds the fund invests in. ...
MFS Investment Management, the Boston-based asset manager that unveiled the world's first open-ended mutual fund a century ago, is making a foray into exchange-traded funds with the launch of five ...
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277 West Nationwide Boulevard, Columbus, OH · Directions · (614) 227-5725