who wrote this,,, a mutual fund
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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So, if I understand this propert, once ETF’s tax advantages disappear (from the way it’s phrased, equal taxation with MF’s), a bunch of people will move from liquid, exchange-traded instruments with on-screen pricing, to once-a-day investments and redemptions at an unknown price?
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The other oddity from an outsider is the US still retaining “classical” taxation, where non-partnership (+certain trusts) vehicles introduce another level of tax leakage, rather than capital gains (and divs/interest etc) being something that is in the domain of the holder.
End of conversation
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