Showing posts with label eendragt. Show all posts
Showing posts with label eendragt. Show all posts

Aug 7, 2008

Origin of funds?

What's the origin of (mutual) funds?

In 1774 a Dutch merchant Adriaan van Ketwich started an investment trust under the name "Eendragt Maakt Magt" (translated: Unity Creates Strength).
Five years later Van Ketwich starts his second trust under the name 'Concordia Res Parvae Crescunt' (translated: Small things grow in harmony).




If you're interested: Geert Rouwenhorst did a lot of historic research in 'the origins of mutual funds'.