exchange fund

(redirected from Exchange Funds)

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.
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The bank attributed the decline to the country's need to use foreign exchange funds at the beginning of each year to provide the necessary stocks of energy, food and industrial raw materials, in addition to servicing foreign debt.
Highwoods used 1031 exchange funds held in escrow from dispositions closed in 2017 to acquire the two parcels, which are currently zoned and entitled for an aggregate of 1.
The implemented reforms are reflected in the volume of operations, as well as the structure of demand and supply of foreign exchange funds in the domestic foreign exchange market.
At their option, the ADs can also lend to some extent from their own foreign exchange funds for input procurements.
mybitwallet users are able to exchange funds with just 2 simple steps:
Exchange funds with reputable and recognized exchangers only.
Fidelity bonds cover the exchangor if exchange funds are lost due to theft, fraud, or embezzlement.
The International Air Transport Association (IATA) and Egyptian authorities are working together to find a practical solution to release, for repatriation foreign exchange funds due international airlines operating to Egypt.
Exchange funds appear to be primarily used for diversification and are associated with higher personal tax rates.
Although exchange funds aren't new, they also aren't very well known.
Seattle Distilling and Cliff's Beer will be available for those over 21 with all proceeds going directly to the Vashon Rotary Scholarship and Student Exchange Funds.
It was purchased by a local investor with exchange funds.