ETF Tax Efficiency: Cool But Complicated

Tax efficiency has been one of the most celebrated traits of the ETF wrapper, and a legitimate source of structural alpha relative to other investment vehicles. In a nutshell, most ETFs don’t distribute capital gains most years, unlike other vehicles such as mutual funds. Behind that transactional “magic” is a unique creation/redemption mechanism that powers [...] The post ETF Tax Efficiency: Cool But Complicated appeared first on ETF Trends .