archivevanguard

In 1975, the financial industry witnessed the introduction of the first money market fund, and a year later the first equity index fund became available to retail investors.These groundbreaking offerings provided individuals with access to diversified portfolios and stable, liquid investments, revolutionizing how everyday people could save and invest their money.Then, in 1986, the introduction of the industry's first bond fund marked a significant step forward for DIY investors. Prior to this innovation, individuals looking to invest in bonds were typically reliant on financial advisors or had to navigate the...