The Massachusetts Investors Trust, established in Boston in 1924, was the first open-end mutual fund in the United States — allowing ordinary investors to buy into a professionally managed, diversified portfolio and redeem their shares at any time, a structure that would go on to become the dominant form of retail investing worldwide.
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The Massachusetts Investors Trust, established in Boston in 1924, was the first open-end mutual fund in the United States — allowing ordinary investors to buy into a professionally managed, diversified portfolio and redeem their shares at any time, a structure that would go on to become the dominant form of retail investing worldwide.
The year the first open-end mutual fund (a pooled investment fund that continuously issues and redeems shares) was established in the United States.
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Limits Registry. LR-FIRST-MUTUAL-FUND. First open-end mutual fund. 2026.