Reported 23 days ago
Wall Street is introducing a new S&P 500 exchange-traded fund (ETF) named XDIV, designed to minimize tax liabilities by avoiding dividend payouts. Scheduled to launch on July 10, it will strategically sell shares just before dividend dates, allowing investors to benefit from stock performance without the tax implications of receiving dividends. This innovative fund targets tax-aware investors looking for exposure to the S&P 500 while managing their tax bills more effectively.
Source: YAHOO