Bridge over ocean
1 July 2010 Financial Analysts Journal Volume 66, Issue 4

Having Your Cake and Eating It Too: The Before- and After-Tax Efficiencies of an Extended Equity Mandate

  1. Andrew L. Berkin
  2. Christopher G. Luck

This article shows that extended mandates are especially effective for investors subject to taxes. Not only is the portfolio more efficiently positioned from a before-tax perspective, but it also offers significant after-tax benefits from both increased loss harvesting and tax arbitrage between tax rates on long and short positions.

Read the Complete Article in Financial Analysts Journal Financial Analysts Journal CFA Institute Member Content

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