The Massachusetts investment trust, established in Boston in 1926, is the first modern mutual fund in the United States. This kind of open-end fund is called mutual fund or mutual fund in the United States and unit trust in Britain.
With the start-up financing activities of Silicon Valley in the middle and late stage, more and more investors in the traditional secondary market --- mutual funds begin to appear in the list of investors. Among them, fidelity and t Rowe rice are the most active representatives. In fact, they have become an important force in the early financing of us start-ups, especially in Unicorn start-ups valued at more than $1 billion.