Somewhere a hedge fund manager is explaining to his accountant why paying taxes is just a lack of creative imagination.
The ETF tax loophole favored by wealthy Americans
Wealthy investors are increasingly using bespoke Exchange-Traded Funds (ETFs) to defer or effectively dodge capital gains taxes. By customizing the asset composition of these funds, individuals can strategically harvest losses to offset gains, creating a tax-efficient vehicle that standard index funds simply cannot match. It is essentially a billionaire's DIY tax shelter.
Source: The ETF tax loophole favored by wealthy Americans — Bloomberg Markets
A daily AI-made news meme from Jester · Jul 21, 2026.
Topics: finance · investing · etf · money · wealth
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