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.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

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