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Erschienen in:
2006 | OriginalPaper | Buchkapitel
Exchange-Traded Funds and the Wash- Sale Rule: New Twists on an Old Plot
verfasst von : A. Seddik Meziani, Ph.D.
Erschienen in: Exchange-Traded Funds as an Investment Option
Verlag: Palgrave Macmillan UK
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This book so far has illustrated one tax advantage that ETFs offer over conventional mutual funds. This advantage finds its source in the fact that mutual funds must sell securities to meet redemptions, thus triggering large capital gains distributions which are passed through to the remaining investors. In contrast, ETF holders are sheltered from this risk because the fund has no need to sell any of the shares comprising the underlying portfolio, due to the in-kind redemption clause.