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To: Enigma who wrote (75563)8/27/2001 8:09:05 AM
From: long-gone  Read Replies (1) | Respond to of 116762
 
<<In Canada, and I assume the States, a mutual fund is neutral for tax purposes i.e. it passes on all capital gains and losses to its unitholders. So IMO tax loss selling is done by individuals and not institutions>>

you're wrong:

Tax selling could accelerate losses
As funds eject losers, one manager hovers

By Thom Calandra, CBS MarketWatch
Last Update: 1:32 PM ET Aug. 20, 2001

PORTLAND, Ore. (CBS.MW) - Investors in blue-chip American stocks may be in for a rough ride as mutual fund tax-selling season approaches.




FRONT PAGE NEWS
Can the consumer hang on?
A trio of quarterly reports bear watching this week
Stocks to watch Monday

Mutual funds have until the end of October to book capital losses on their holdings - not the Dec. 31 date that individuals face. The significance of the October deadline, while ignored by many investors, is closely watched in the world of professional money managers, many of them suffering their worst year in a decade.
(cont)
cbs.marketwatch.com



To: Enigma who wrote (75563)10/30/2001 11:08:40 PM
From: long-gone  Respond to of 116762
 
<<In Canada, and I assume the States, a mutual fund is neutral for tax purposes i.e. it passes on all capital gains and losses to its unitholders. So IMO tax loss selling is done by individuals and not institutions. Institutions engage in such things as 'window dressing' at the end of fiscal periods>>

Was I right?