Savings and Investments

Mutual Funds

When did mutual funds begin?

Many people believe that the first mutual funds were organized in Northern Europe, specifically in The Netherlands, by King William I (1772–1843) in 1822. Others believe that it was in 1774, when another Dutch merchant named Adriann van Ketwich created Eendragt Maakt Magt, which means “unity creates strength.” He may have influenced King William I to create his fund some years later.

Some historians hold that the concept of mutual funds was originated back in Holland in 1822 by King William I.


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