What’s More Tax-Efficient Than ETFs? Maybe a Tax-Managed Fund

Advisors searching for low tax investment vehicles for their clients’ taxable accounts need to look beyond ETFs, according to Frank Pape, director of consulting services forRussell Investments and a CPA. Although ETFs are more tax efficient than actively managed mutual funds, they lose more dollars to taxes than tax-managed funds, says Pape, who spoke at Envestnet’s…