In the News

Title

Tax-efficient' funds may simply be closet indexers: James Saft

Document Type

Article

Publication Date

12-9-2015

Abstract

Tax-managed mutual funds may simply be closet indexers, and expensive faux trackers at that.

That’s according to a study of U.S. equity mutual funds classified as tax-managed, meaning they attempt to add value by both active management and keeping taxes at bay.