January 22, 2008 at 1:00 am by Tom Lydon
Exchange traded fund (ETF) provider PowerShares announced that no capital gains distributions were made for any of its equity and fixed-income based ETF portfolios for 2007.
According to Market Wire, since inception the company has not made a capital gain distribution to holders of those portfolios.
Shareholders of an ETF generally only trigger a taxable event when the shares are sold. Asset managers often use the "in kind" method of share transferring, which allow portfolios to avoid year-end capital gains payouts.
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