Tax-Efficient Asset Management: Evidence from Equity Mutual Funds

Preprint OPEN
Clemens Sialm; Hanjiang Zhang;
  • Subject:
    • jel: jel:H2 | jel:G23 | jel:H22 | jel:G11 | jel:H24 | jel:G18 | jel:G28
    acm: ComputingMilieux_GENERAL | ComputingMilieux_LEGALASPECTSOFCOMPUTING

Investment taxes have a substantial impact on the performance of taxable mutual fund investors. Mutual funds can reduce the tax burdens of their shareholders by avoiding securities that are heavily taxed and by avoiding realizing capital gains that trigger higher tax bu... View more
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