In the Margins

Oldest mutual fund hasn't beat the stock market

August 17, 2017

By Bloomberg

Kevin Beatty co-manages the oldest mutual fund in America, if not the world. Opened in the 1920s, when Calvin Coolidge was president, Massachusetts Investors Trust has weathered 16 recessions, roughly 20 bear markets and worse. What it hasn’t done is beaten the stock market over the long haul. Read the original story from Bloomberg.



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