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M*: Measuring ETFs' Tax Efficiency Versus Mutual Funds
FYI: Exchange-traded funds tend to be more tax-efficient than mutual funds, chiefly because they tend to distribute fewer (if any) and smaller capital gains. ETFs’ tax efficiency has been a key selling point for tax-sensitive investors who prefer greater control over the timing and magnitude of the capital gains bills from the funds in which they invest. Regards, Ted https://www.morningstar.com/articles/940313/measuring-etfs-tax-efficiency-versus-mutual-funds
