Detailed Structure
- Fund holding requirements: The fund needs to have at least 20% of its assets in "non-publicly traded" securities or real-estate.
- For public exchange funds, at least 7 years have to elapse between when an investor deposits their stock and when the basket of stocks is available for them to sell without realizing a step up in basis (paying taxes). However, this is not an issue with private stock exchange funds as the point is diversification, not tax deference.
- Liquidity: Public funds are generally not marginable. Private funds increase a participants odds of liquidity.
(Source:).
Read more about this topic: Exchange Fund
Famous quotes containing the words detailed and/or structure:
“[The Republicans] offer ... a detailed agenda for national renewal.... [On] reducing illegitimacy ... the state will use ... funds for programs to reduce out-of-wedlock pregnancies, to promote adoption, to establish and operate children’s group homes, to establish and operate residential group homes for unwed mothers, or for any purpose the state deems appropriate. None of the taxpayer funds may be used for abortion services or abortion counseling.”
—Newt Gingrich (b. 1943)
“With sixty staring me in the face, I have developed inflammation of the sentence structure and definite hardening of the paragraphs.”
—James Thurber (1894–1961)
Related Phrases
Related Words