Changes in ETF Regulation, Treasury's 351 Exchange Taxation, and ETF Inflow Status
TLT iShares 20+ Year Treasury Bond ETF
$77.98 +0.14%
View chart & analysis → - 1Mike Akins noted that a massive December will be required to reach $2 trillion in annual ETF inflows.
- 2Brent Sullivan provided an overview of a recent Treasury ruling stating that 351 exchanges are taxable if there is a plan, a rapid transition, and a significant change in portfolios thereafter.
- 3According to Morningstar data, single-stock covered call ETFs often return investors' own money in the form of capital returns and frequently underperform the underlying assets.
So what's the key point?
The Treasury has decided to tax assets if they are exchanged rapidly. A massive amount of capital will be needed in December for ETF inflows to reach high levels.
Source etf.com · View original ↗
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