Four years after handling the first conversion of a hedge fund to an ETF, Wes Gray is gearing up to lead a surge of tax-busting deals aimed at investors big and small.
Funds that use Section 351 conversions are rolling out in 2025, led by the launch of one with the ticker TAX. Here's what financial advisors and investors should know.
Moreover, the low portfolio turnover and in-kind redemptions also contribute to the tax efficiency of these vehicles. Now, a new category of ETFs aims to cut investors’ tax bill even further by ...
You’ll even receive a tax certificate to say notionally you have received this distribution even though the cash flow does not come into your account, because the ETF issuer effectively takes ...