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'.
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'.
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