June 2024


The staying power of mutual funds:
Celebrating 100 years

For the past 100 years, unprecedented growth and development have characterized the mutual fund industry. 

Since their inception, mutual funds have served as a groundbreaking investment vehicle, providing a path to financial growth and security for generations of Americans. State Street has been at the forefront of this evolution, from being the first custodian of the original US open-end mutual fund in 1924, to servicing 35 percent of all mutual funds in the US today.

Mutual funds continue to play an important role in the investment industry, offering distinct advantages. To mark this anniversary, members of our executive leadership team spoke with leaders in the industry to get their perspectives on the future of mutual funds.

Hear from the experts

A century of innovation with MFS

Donna Milrod
Chief Product Officer

Carol Geremia
MFS President and Head of Global Distribution

Custody at our core

The right back-office servicing model can unlock efficiency and growth for your business. Discover the power of our scalable, resilient, data-driven investment servicing platform with custody at its core.

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