Unwanted Tax Surprise From Mutual Funds Could Drive More to ETFs
Mutual funds will likely give investors a big tax surprise this year, but exchange traded fund investors won't have to worry too much.
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Mutual funds will likely give investors a big tax surprise this year, but exchange traded fund investors won't have to worry too much.
December 22, 2020 As the popularity of exchange traded funds explodes, some traditional mutual fund providers are trying to convert their products to ETFs, but they will have a tough slog through uncharted regulatory roads. Three fund companies have already revealed plans to convert mutual funds to ETFs, and more are likely to follow suit, the Financial Times reports. For instance, Guinness Atkinson anticipates the conversion of two mutual funds to ETFs by the end of the year, along with plans to switch a third over soon as well. In 2021, Dimensional Fund Advisors also plans to convert six ...