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The Origins of Mutual Funds

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  • K. Rouwenhorst

Abstract

Mutual funds emerged as early as the second half of the 18th century in The Netherlands. The paper traces the history of mutual funds from the development of securitization in the 17th century to the invention of depository receipts

Suggested Citation

  • K. Rouwenhorst, 2004. "The Origins of Mutual Funds," Yale School of Management Working Papers amz2450, Yale School of Management, revised 01 Jan 2008.
    • Handle: RePEc:ysm:wpaper:amz2450
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    File URL: https://repec.som.yale.edu/icfpub/publications/2450.pdf
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