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Mutual Fund Analysts


The first mutual, or “open-ended” fund in the United States—the Massachusetts Investors Trust—was introduced in Boston in 1924. The trust is known as one of the first mutual fund organizations to establish an in-house research department that employed analysts. The mutual fund industry grew slowly at first. The Investment Company Institute reports that there were only 68 funds in 1940, but by 1970, this number had increased to 361 funds. By 1990, mutual funds had become very popular investment options, with shareholder assets topping $1 trillion. The number of mutual funds worldwide grew from 6,778 in 1997 to 9,599 in 2018.