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Exchange-Traded Funds Are Tax-Efficient, but Not Tax-Perfect
Last week, a press release announced that the iShares MSCI index funds are expected to pay cash dividends to shareholders at the end of August.
Wait a minute. These and other exchange-traded funds, or ETFs, are supposed to be tax-efficient. Right?
Right. But ETFs can distribute dividends and capital gains just like regular mutual funds. ...
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