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1 Origin and History of Mutual Funds
The evolution of Mutual funds can be traced to the times of the Egyptians
and Phoenicians when they sold shares in caravans and vessels to
spread the risk of these ventures. Historians are uncertain of the origins of
investment funds; some cite the closed-end investment companies
launched in the Netherlands in 1822 by King William I as the first mutual
funds, while others point to a Dutch merchant named Adriaan van Ketwich
whose investment trust was created in 1774 may have given the king the idea.
In July 1774, he offered on the market a diversified pooled security
specifically designed for citizens of modest means. The security was known
as a negotiation, an instrument very similar to the present-day closed-end
fund.
You may return most new, unopened items within 30 days of delivery for a full refund. We'll also pay the return shipping costs if the return is a result of our error (you received an incorrect or defective item, etc.).
You should expect to receive your refund within four weeks of giving your package to the return shipper, however, in many cases you will receive a refund more quickly. This time period includes the transit time for us to receive your return from the shipper (5 to 10 business days), the time it takes us to process your return once we receive it (3 to 5 business days), and the time it takes your bank to process our refund request (5 to 10 business days).
If you need to return an item, simply login to your account, view the order using the "Complete Orders" link under the My Account menu and click the Return Item(s) button. We'll notify you via e-mail of your refund once we've received and processed the returned item.
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When you place an order, we will estimate shipping and delivery dates for you based on the availability of your items and the shipping options you choose. Depending on the shipping provider you choose, shipping date estimates may appear on the shipping quotes page.
Please also note that the shipping rates for many items we sell are weight-based. The weight of any such item can be found on its detail page. To reflect the policies of the shipping companies we use, all weights will be rounded up to the next full pound.
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