Swap Funds financial definition of Swap Funds. Swap Funds finance term by the Free Online Dictionary.

Exchange fund

Investment vehicle introduced in 1999 that appeals to wealthy investors with large holdings in a single stock who want to diversify without paying capital gains taxes. These funds allow investors to exchange their stock for shares in a diversified portfolio of stocks in a tax-free transaction.

Exchange Fund

An investment vehicle allowing investors with large holdings in a single stock to exchange them for a diversified portfolio. This allows the investors to diversify their holdings without selling any stocks, thereby avoiding taxes on their capital gains until the shares are actually sold. Exchange funds are controversial as investors could avoid taxes completely by never selling the portfolio and simply borrowing against it. They were originally introduced in 1999. An exchange fund is also called a swap fund.

exchange fund

An open-end investment company that swaps its own shares for an equal value of securities owned by an individual investor. Although the exchange is tax-free, the fund assumes the stockholder's basis on the securities it obtains. Thus, exchange funds ordinarily have large potential capital gains liabilities. Because of a 1967 Internal Revenue Service ruling, shares of these funds are no longer offered.

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
Swap Fund	The Directors intend that, with effect from 5 January 2011 (the "Swap Implementation Date"), each of the Swap Funds will avail of the capacity to use financial derivative instruments ("FDI") and will now replicate the total return of the benchmark index solely through the use of FDI, namely over-the-counter swap agreements rather than direct acquisition of securities. POWERSHARES GLOBAL FUNDS IRELAND PLC - Changes affecting Funds by PR Newswire UK Disclose In the last two years private swap funds from a number of major Wall Street institutions have squeezed through that loophole. STRATEGY CUTS INVESTORS' TAX : WALL STREET USES LOOPHOLES TO AVOID ... by Daily News (Los Angeles, CA) Thereafter, syndicated swap funds involving partnerships prompted Congress to extend the operation of Sec. Investment company mergers - corporations and partnerships compared by Bryan, H. Houston / The Tax Adviser	Suscripcion Sushi Bond Sushi Roll suspect Suspended Trading suspense account Suspension temporaria Suspicious Transaction Report Sustainable Growth Rate sustainable site design Sustitucion de importaciones SV SVC Svendita Sviluppo del marchio Swap Swap Arrangements Swap Assignment Swap Book Swap Buy Back Swap Curve Swap de activos Swap de bonos Swap de moedas Swap Fund Swap Funds Swap Option Swap Order Swap rate Swap Reversal Swap Sale Swap Spread Swaption Swazi Lilangeni sweat equity Sweated Labor Sweatshop Swedish International Development Cooperation Agency Swedish Krona Sweep Sweep Account Sweep-to-Fill Order Sweet Crude sweetener sweetheart contract Sweetheart Deal SWF SWIFT Swing High swing loan Swing Trading	swap swap swap swap swap Swap Arrangement Swap arrangements Swap assignment Swap Assignments Swap book Swap Books Swap buy back Swap Buy Backs Swap Buy-Back Swap Buy-Backs Swap Buyback Swap Buybacks Swap Curve Swap Curves Swap Data Repository Swap de activos Swap de bonos Swap de moedas Swap de Taux Swap Execution Facility swap file swap file swap file swap for Swap fund Swap Funds Swap Manager swap meet Swap meet (disambiguation) Swap meet (disambiguation) Swap Meet (song) Swap meets Swap meets Swap memory Swap memory swap notes Swap Novation Swap Novations Swap option Swap option Swap Options Swap Options swap order Swap Orders swap out Swap partition Swap partition Swap rate Swap Rates Swap reversal Swap Reversals Swap sale Swap Sales Swap Shop swap shops swap space

Mentioned in

References in periodicals archive

Financial browser

Full browser

Swap Fund

The Directors intend that, with effect from 5 January 2011 (the "Swap Implementation Date"), each of the Swap Funds will avail of the capacity to use financial derivative instruments ("FDI") and will now replicate the total return of the benchmark index solely through the use of FDI, namely over-the-counter swap agreements rather than direct acquisition of securities.

POWERSHARES GLOBAL FUNDS IRELAND PLC - Changes affecting Funds by PR Newswire UK Disclose

In the last two years private swap funds from a number of major Wall Street institutions have squeezed through that loophole.

STRATEGY CUTS INVESTORS' TAX : WALL STREET USES LOOPHOLES TO AVOID ... by Daily News (Los Angeles, CA)

Thereafter, syndicated swap funds involving partnerships prompted Congress to extend the operation of Sec.

Investment company mergers - corporations and partnerships compared by Bryan, H. Houston / The Tax Adviser

Exchange Fund (redirected from Swap Funds)

Exchange Fund
(redirected from Swap Funds)