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The mutual fund celebrates its 100th birthday this year, with MFS' Massachusetts Investors Trust (MITTX) being established in the same year. Despite its longevity, some experts believe the mutual fund may become obsolete due to newer investment options. The US market now boasts over 7,000 mutual funds, with more than 50% of US households owning one, reflecting significant market penetration.
Happy 100th birthday to the US Mutual Fund! https://t.co/knECduuapK
“It’s a better mousetrap . . . Eventually the mutual fund is dead.” Fantastic read by @brookeamasters @double_you_ess @MADarbyshire and @HarrietAgnew on 100th birthday of the mutual fund, an incredible invention that some people now think is obsolete. https://t.co/Tk07HtyMDV
The mutual fund is officially 100 yrs old this year. MFS’ Massachusetts Investors Trust (MITTX) was established that year & still exists today. Today, the US market is worth over $220T with >7k mutual funds. >50% of US households own one. How's that for market penetration?
