Active ETF Structures Defer Capital Gains Taxes for Fund Investors
Brett Barakett · Brett Barakett - Digging for the Puck at Tremblant Capital (EP.386) · May 20, 2024 · at 1:02:17
Brett Barakett, founder and CIO of Tremblant Capital, explains why Tremblant launched its active ETF, TOGA.
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“The brilliance of the ETF structure led by Vanguard is create a structure that we can own Microsoft. We don't, but we can own Microsoft and Toga. It can double. We could sell Microsoft and the owners of Toga won't pay the capital gains tax until they sell their share of Toga.”
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