Tax-wise funds vs ETFs

Financial advisers weigh the advantages of tax-managed funds against ETFs

Thursday 8 December 2011 at 16:57

About five years ago, George Papadopoulos shifted his clients' assets out of tax-managed mutual funds and into exchange-traded funds.

A certified financial planner in Novi, Mich., he said the move made good financial sense and pleased his clients. "ETFs' inherent tax advantages and lower costs resonate more with clients," he said.