Handbook of Research on Stock Market Globalization
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Handbook of Research on Stock Market Globalization

Edited by Geoffrey Poitras

The stock market globalization process has produced historic changes in the structure of stock markets, the effects of which are evident throughout the world. Despite these transformations, there are relatively few sources examining the connections between the globalization process currently under way and previous periods of stock market globalization. This seminal volume fills that gap.
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Chapter 5: The Evolution of the Managed Funds Industry: Investment Trusts in Nineteenth-century Britain

Elaine Hutson

Extract

5 The evolution of the managed funds industry: investment trusts in nineteenth-century Britain Elaine Hutson INTRODUCTION The managed funds industry has a long and chequered history. The pooling of securities to form investment funds can be traced...

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