By now, many investors have heard countless times the advantages of ETFs over mutual funds: lower costs, tax efficiency, improved transparency, etc., etc. While the cost issue is relatively straight forward, the tax advantages of ETFs are a bit more confusing. Even with a detailed explanation, this advantage remains a largely theoretical concept for most investors. But the results of a new study completed by Morningstar allow us to quantify the tax advantages of ETFs. [click to continue…]
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