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Index Funds Are Not Always Tax Efficient
Long praised as tax efficient, index funds may not be so anymore.
According to Morningstar, between 1995 and 1997, only six index funds passed along capital gains distributions of 10% or more of assets. That number jumped to ten in 1998 and 11 in 1999.
Since 1995, the biggest capital gains distributions passed along to shareholders are:
- 1. Galaxy II Small Co. Index, 34% in 1997;
- 2. MainStay Instl. EAFE Index, 25% in 1997;
- 3. Dreyfus MidCap Index, 22% in 1998;
- 4. Calif. Invt. S&P MidCap Index, 20% in 1999;
- 5. Dreyfus MidCap Index, 18% in 1999;
- 6. iShares MSCI Belgium Index, 16% in 1998; and
- 7. STI Classic Intl. Equity Index Inv., 16% in 1998.
Source: Wall Street Journal, July 28, 2000
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Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2008 Advocate Capital Management, Inc. except where noted. All rights reserved.
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