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FYI: The efficiency of exchange traded funds lies not only in the ease of trading that they provide. ETFs also offer considerable tax benefits over mutual funds. The secret lies in the way those instruments are structured. And it can make a significant difference to an investor’s tax bill. Regards, Ted http://www.investors.com/etfs-and-funds/etfs/watch-out-some-etfs-arent-so-tax-friendly/