A tax-managed fund is simply a fund who's goal it is to maximize after-tax returns, whereas most funds are focused on pretax returns, ... I think the one thing that probably all of them have is the idea of selling losers to offset gains. If you've just realized profits on one stock you'll sell a few dogs.
-Russell Kinnel
Select a background
More quotes by Russell Kinnel
Popular Authors
A curated listing of popular authors.