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American Dual Vest Fund

$8.00 $4.97

SKU: 8043gr
Product Details

 

Nicely engraved antique stock certificate from the American Dual Vest Fund dating back to the 1960's and 1970's. This document, which carries the printed signatures of the company Chairman of the Board, President and Secretary, was printed by the Security-Columbian Bank Note Company, and measures approximately 12" (w) by 8" (h).

 

The vignette features male and female figures with a globe and books.

Images

You will receive the exact certificate pictured.

    Historical Context

    The American Dual Vest Fund was incorporated in Delaware in 1966 and was managed by Haywood Management.

     

    The name was changed to ADV Fund Inc. on July 2, 1979.

     

    Dual purpose funds were introduced in the 1960s and gained popularity in the 1970s with fund offerings from some of the industry’s top money managers. Popular versions of these funds included the American Dual Vest Fund managed by Haywood Management, the Gemini Fund managed by Wellington Management, Income & Capital Shares Inc. managed by John P. Chase Inc., the Leverage Fund of Boston managed by Vance, Sanders & Co., and the Scudder Duo Vest fund managed by Scudder, Stevens & Clark. Many dual purpose funds closed in the 1980s after new tax rules from the Internal Revenue Service changed the tax obligations for the funds. By the 1990s most dual purpose funds were completely phased out.