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CFA Blog: A Pillar of Modern Finance (The Index Fund) Turns 50

edited July 2021 in The Bullpen
CFA, 2021

FT, 2018

A Pillar of Modern Finance Turns 50
Quick, what is 1 July 2021 the 50th anniversary of?

1. The incorporation of Berkshire Hathaway
2. The first index fund
3. The Dow’s first close above 1000*
4. The founding of the SEC

If you guessed the index fund, you were right: The first index fund debuted on 1 July 1971...
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