Overseas and Colonial Government Trust (65438-0868), an investment company organized by the government, is recognized as the earliest fund institution in the world. It was the industrial revolution and the heyday of imperialism. In order to expand the colony and seek overseas investment, the British government relied on this institution to publicly sell income certificates to the society and entrusted professionals to make diversified investments, so that many small and medium-sized investors could also benefit from it.

Early funds were all contractual. 1978, the British "joint-stock company law" was promulgated, and the fund began to develop into a limited company, that is, a company-based fund. Now Britain is also dominated by corporate funds.

Prosperous America

In the 1920s, the fund landed in the United States. 192 1 In April, the United States established the first securities investment fund institution, the American International Securities Trust Fund, which was the first "American era" fund, but it was also a closed-end fund like the British fund.

1924, the establishment of Massachusetts investment trust fund is the real beginning of American-style securities investment fund and the first corporate open-end fund in the world.

Spread the world

/kloc-in the past 0/00 years, the world securities investment fund industry has grown from scratch, originated in Britain, flourished in the United States and spread all over the world, keeping pace with banks, securities and insurance, and has become one of the four pillars of the modern financial system. 199 1 Zhuhai International Trust and Investment Company initiated the establishment of Zhuxin Fund, which is the earliest fund in China.

Different names.

It is worth noting that different regions have different fund names. The United States is called "* * * mutual fund", Britain and Hongkong are called "unit trust funds", and Japan and Taiwan Province Province are called "securities investment trust funds".