Token-ology: the next thing

The tokenised fund sector is a rising force. (Image: Getty)

Wed, 11 Dec 2024

The ’20s, according to seminal US fund manager MFS Investment Management, was “marked by a feverish optimism, new innovations and the question ‘what will they think of next?’”“Hearing so many get-rich-quick success stories, many people began wondering how they, too, could get rich quick.”That was the 1920s, of course: not much has changed except the get-rich-quicker technology.But 100 years ago, Fomo (fear of missing out) in US stock markets was facilitated by opaque closed-end funds that often relied o...

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