每日背诵第四期87
The first official mutual fund, the Massachusetts Investors Trust, was established in 1924. It experienced growth of more than 700 percent in its first year, and other success stories followed. The stock market crash of 1929 crippled the investment climate for some time. However it provided the impetus to create the U.S. Securities and Exchange Commission and pass the Investment Company Act of 1940. This set the guidelines that fund companies follow to this day.
第一个官方共同基金——马萨诸塞投资者信托建立于1924年。这个共同基金第一年就扩大了七倍多，以后的成绩也不错。1929年美国股市暴跌，投资气候因此而低迷瘫痪了好一段时间，但也因此而推动了美国证券交易管理委员会的创立和1940年《投资公司法案》的通过，制定了投资公司至今仍然遵循的方针。
(短文节选,本篇始于：共同基金)
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