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The First S&P 500 Index Fund Turns 40 Years Old Today
Wednesday, August 31, 2016 - 12:29pm | 388The first ever S&P 500 index fund was created four decades ago today. According to Bloomberg, the initial concept of an index fund, buying hundreds of stocks in one transaction, appeared to be a "joke." In addition, many investors found the concept "an insult" as they "...