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

Files in This Item:
File Description SizeFormat 
WP-04-18.pdf163.91 kBAdobe PDFDownload
Title: The early managed fund industry : investment trusts in 19th century Britain
Authors: Hutson, Elaine
Permanent link:
Date: Sep-2003
Online since: 2009-05-27T11:13:05Z
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.
Type of material: Working Paper
Publisher: University College Dublin. School of Business. Centre for Financial Markets
Series/Report no.: Centre for Financial Markets working paper series; WP-04-18
Copyright (published version): Centre for Financial Markets, 2003
Keywords: Mutual fundInvestment trustInvestment companyFinancial history
Subject LCSH: Trusts and trustees--History
Financial institutions--History
Other versions:
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Centre for Financial Markets Working Papers

Show full item record

Page view(s) 10

checked on May 25, 2018

Download(s) 50

checked on May 25, 2018

Google ScholarTM


This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.