每日背誦第四期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.
第一個官方共同基金——馬薩諸塞投資者信托建立于1924年。這個共同基金第一年就擴大了七倍多，以后的成績也不錯。1929年美國股市暴跌，投資氣候因此而低迷癱瘓了好一段時間，但也因此而推動了美國證券交易管理委員會的創(chuàng)立和1940年《投資公司法案》的通過，制定了投資公司至今仍然遵循的方針。
(短文節(jié)選,本篇始于：共同基金)
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