Monday, October 05, 2015

Unfriendly Tax-Friendly Funds - WSJ

Unfriendly Tax-Friendly Funds - WSJ:

"The major finding: In every year [that was studied], tax-managed funds on average failed to save their investors more money on taxes than their incremental expenses, or the difference between their operating costs and the lower fees of the other types of passively managed funds.

In other words, any tax savings were eaten up by fees.


'via Blog this'

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