In 1868 mutual funds beginning by The founding of the Foreign and Colonial Government Trust in the Anglo-Saxon countries

In 1868 mutual funds beginning by The founding of the Foreign and Colonial Government Trust in the Anglo-Saxon countries. However, by that time investment trusts had existed in Holland for almost a century. In 1774 the Dutch merchant and broker Abraham van Ketwich invited subscriptions from investors to form a trust named Eendragt Maakt Magt—the maxim of the Dutch Republic, “Unity Creates Strength.” The founding of the trust followed the financial crisis of 1772–1773, and Van Ketwich’s aim was to provide small investors with limited means an opportunity to diversify. Risk spreading was achieved by investing in Austria, Denmark, Germany, Spain, Sweden, Russia, and a variety of colonial plantations in Central and South America.