|
 |
Investing Glossary:
Exchange fund (also known as swap fund)
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
- E -
| Term: |
| Exchange fund (also known as swap fund)
|
|
| Definition: |
| Investment vehicle introduced in 1999 that appeals to wealthy investors with large holdings in a single Stock who want to diversify Without paying Capital gains taxes. These funds allow investors to Exchange their stock for Shares in the diversified Portfolio of stocks in a tax-free transaction.
|
|
|
| |
|
