ANALYSIS: Inflows into mutual funds have flatlined in recent years as investors have piled into assets such as ETF's and as mutual funds celebrate their 100th anniversary some are doubting their future.
WATCH: NBR senior journalist Lachlan Colquhoun speaks with Calida Stuart-Menteath.
It was in Boston in 1924 that a door-to-door salesman by the name of Edward Leffler came up with the idea of offering retail investors an open-ended fund invested in a basket of stocks.
This led to the creation of the Massachusetts Investment Trust, which still exists today as MFS Investment
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