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Website. mfs.com. MFS Investment Management ( MFS) is an American-based global investment manager, formerly known as Massachusetts Financial Services . Founded in 1924, MFS is one of the oldest asset management companies in the world and has been credited with pioneering the mutual fund. [1] The first mutual fund, the Massachusetts Investors ...
Harris Associates was sued by Jones and other investors in Harris’ mutual funds. They argued that under the Investment Company Act 1940 s 36 (b) and Gartenberg v. Merrill Lynch Asset Management, Inc., 694 F.2d 923 (2d Cir. 1982) the company's fees were unreasonably high. After an adverse finding in the Illinois District Court, Jones appealed ...
Peter Lynch (born January 19, 1944) is an American investor, mutual fund manager, author and philanthropist.As the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, consistently more than double the S&P 500 stock market index and making it the best-performing mutual fund in the world.
Here are four common myths about mutual funds that you should know. 1. Mutual Funds Are Diversified. While they are certainly more diversified than individual stocks, dumping all your assets into ...
Using the example above, if a mutual fund started with a total value of $10,000 and its fund manager then increased the overall value of the fund to $15,000, the original 10 shares in the fund ...
www .putnam .com. Putnam Investments is an investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston. Headquartered in Boston, Massachusetts, it has offices in London, Tokyo, Frankfurt, Sydney, and Singapore. [2] Putnam is currently a subsidiary of ...
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