SECURITIES: Investment Insurance

Among the mutual fund companies, the Investment Trust of Boston is small (assets: $8,600,000) and relatively little known. But it has a notable record. Founded in 1931 by President Ernest Henderson and Vice President Robert Lowell Moore of the Sheraton Corp. of America, Investment Trust of Boston put its capital into real estate and closed-end investment trust shares, then dirt cheap. In the last ten years, its shares have increased in value by 1,220%, more than those of any other U.S. investment trust. But little effort was made to sell its shares until recently. Now its trustees hope to make...

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