Massive income for membersHistory
According to widely recognized opinion, the first investment fund was established in the United States in 1924. Four years later, the first mutual investment fund, Vanguard Wellington Fund, appeared. 100% of funds were invested in stocks and bonds. By 1940, there was 68 investment funds and in the beginning of 1950ies — 100. In 1960ies, the so called aggressive growth funds appeared and their assets reached more than a billion US dollars. 1971 was the year when the first index fund was established. 3 years later this concept was used by John Bogle for founding his Vanguard. This company has created the first index fund the private investors could invest into. The company's name was Vanguard 500 Index.
Speaking of the current situation, we should note that in 2007 total funds under management in America's investment funds reached 10.8 trillion US dollars, making 48% of the world market. Today, there are about 6000 share investment funds. A share fund includes funds collectively and partially owned by investors managed by a managing company and kept separately from its own economic activity. About 100 million Americans invest into share funds. These numbers prove an obvious fact that the idea of providing the funds to professionals for their management is very popular.
