Closed-End Fund Articles
Jan 7, 2017
Click here to access These Ancient Closed-End Funds Still Deliver
Fewer than a dozen funds have survived since the great crash of 1929. Some are names you’d know, from big fund companies, that have grown to prominence—most notably, the top-notch $93 billion Vanguard Wellington, launched in July 1929. The $4.7 billion Pioneer fund, launched in February 1928, has a much less stellar performance history, but is under new management. And we can’t ignore the very first mutual fund, the solid, $6 billion Massachusetts Investors Trust, founded in July 1924.