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To: long-gone who wrote (75565)8/27/2001 6:03:58 PM
From: Enigma  Read Replies (1) | Respond to of 116762
 
That's interesting. Certainly I'm right in Canada. A mutual fund passes on the gain or loss to unitholders. Pension funds are not taxable. A mutual fund is valued every day and reflects the market value of the holdings at the close of business. Fund managers don't (have to) think of tax in making sell decisions.

The situation must be different in the States or else the writer of the article is wrong.


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