Meet a fund that has barely bought or sold a stock since 1935. It's still going strong.
Rip van Winkle, who took a drink from the wrong keg and spent the next 20 years snoring, was a newbie at sleeping. Let me tell you about a mutual fund that bought a few stocks 84 years ago and hasn’t moved a muscle ever since.
The fund, known today as Voya Corporate Leaders Trust, was launched Nov. 18, 1935, with its hands tied. It would hold the identical number of shares in each of its 30 stocks. It could never buy new holdings or sell out of its existing ones unless a company went bankrupt, underwent a merger or became...
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