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Should You Follow the Rich and Invest in ETFs?
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A Higher Capital Gains Tax Could Move More Investors to ETFs May 5, 2021
ETFs are often praised for their tax efficiency. With higher capital gains taxes expected, more investors may be moving their money to ETFs.
“The booming ETF industry may be set to lure even more cash in the coming years as rich Americans facing higher capital gains taxes look to limit what they owe Uncle Sam,” a Bloomberg article explained.
“President Joe Biden’s plan to double the rate those making more than $1 million a year pay on investment profits would accelerate a shift that’s already seen hundreds of billions of dollars migrate from mutual funds to exchange-traded funds, market watchers say,” the article said further. “That’s because ETFs are generally more tax efficient, spinning off fewer capital-gain disbursements that for some could soon become a lot more costly.”
May 4, 2021
As President Joe Biden eyes a tax hike on America’s wealthy, the exchange traded fund industry could benefit from an influx of investors seeking tax-efficient investment vehicles.
Biden has outlined plans to double the rate for those generating over $1 million per year on investment profits, which could accelerate the ongoing shift that has sent hundreds of billions of dollars from mutual funds to ETFs, Bloomberg reports. Observers have pointed out that characteristics like ETFs’ tax efficiency could be a boon for those looking at a higher tax bill.
While the administration’s plans remain in their nascent planning stages and face increased scrutiny on Capitol Hill, any incremental tax hike on capital gains would likely fuel further ETF usage, according to David Perlman, an ETF strategist at UBS Global Wealth Management.
Americans fleeing tax hikes may accelerate shift to ETFs
Exchange-traded funds are generally more tax-efficient, spinning off fewer capital-gain disbursements that for some could soon become a lot more costly.
May 3, 2021 3 MINS
The booming ETF industry may be set to lure even more cash in the coming years as rich Americans facing higher capital gains taxes look to limit what they owe Uncle Sam.
President Joe Biden’s plan to double the rate those making more than $1 million a year pay on investment profits would accelerate a shift that’s already seen hundreds of billions of dollars migrate from mutual funds to exchange-traded funds, market watchers say. That’s because ETFs are generally more tax-efficient, spinning off fewer capital-gain disbursements that for some could soon become a lot more costly.
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