But in the past five years no new type of fund has provided more good news for certain investors than tax-managed mutual funds.
For tax conscious investors, tax-managed mutual funds are one solution to the problem of taxable mutual fund distributions.
Although there are fewer than 100 tax-managed mutual funds (see exhibit 1, for a sampling), their stated goal of reducing the impact of federal and state income taxes on fund returns gives clients who already contribute the maximum amount to tax-favored IRAs or 401 (k) plans another low-tax way to invest in the stock market.
As CPAs try to keep pace with the best investment vehicles to help clients realize their goals, tax-managed mutual funds are an increasingly important way clients can hold down taxes, leaving more for retirement, college funding and other key objectives.
we offer access to tax-managed mutual funds
, annuities, retirement plans, tax-exempt funds and our newly created Wealth Strategies Group," said Stephen E.
advises and distributes investment funds including tax-managed mutual funds
and separate accounts for individual and institutional clients.
A study by KPMG, Tax-Managed Mutual Funds
and the Taxable Investor, found that after 20 years, a $10,000 investment in a tax-managed fund would be 25% greater than a comparable investment in an actively managed fund.
Investment advisory services to Vanguard Tax-Managed International Fund will be provided at-cost by the Vanguard Core Management Group, which oversees some $185 billion in 15 index mutual funds, five tax-managed mutual funds
, and three variable annuity index portfolios.
Furthermore, over the last three years, tax-managed mutual funds
have outperformed the average growth fund on both a before and after-tax basis.
Eaton Vance is one of the largest and most experienced advisers of tax-managed mutual funds
This fund provides the missing piece to our line-up of tax-managed mutual funds
," says Wharton P.
the investment adviser to the Scudder Funds, introduced two no-load tax-managed mutual funds
, Scudder Tax Managed Growth Fund and Scudder Tax Managed Small Company Fund.