Seeking Alpha

Chamois16 » Comments » DBS

  • Currency, Precious Metal and Futures ETFs: Don't Get Caught in the Tax Trap [View article]
    Purely a nitpick, but ETF are not mutual funds. From the SEC:

    "There are some investment companies, known as exchange-traded funds or ETFs, which are legally classified as open-end companies or UITs. ETFs differ from traditional open-end companies and UITs, because, pursuant to SEC exemptive orders, shares issued by ETFs trade on a secondary market and are only redeemable in very large blocks (blocks of 50,000 shares for example). ETFs are not considered to be, and are not permitted to call themselves, mutual funds."
    May 11 08:35 am |Rating: 0 0 |Link to Comment
More on DBS by Chamois16
Comments by Ticker
Chamois16's
Comments Stats
36 comments
Rating: 2 (3 - 1 is )