Duncan Richardson
Duncan Richardson
awakening aware fund funds horrified investors large last learn less lost low might money mutual negative paid paying returns rude taxable taxes
Investors who had been less aware of mutual fund taxes had a rude awakening in 2000, when many funds had low or negative returns but still paid out large taxable distributions. Many shareholders who, in the past, might have been dismissive about fund taxes were horrified to learn they will be paying taxes on fund investments on which they lost money last year.