Exchange fund
id:
exchange-fund-197-3100306
title:
Exchange fund
text:
An exchange fund, also known as a swap fund, is an investment vehicle that allows investors with large stock positions to pool their stocks into a single fund, diversifying their holdings without triggering a taxable event. Given its dependence on the IRS Tax Code, it is a mechanism specific to the U.S., first introduced as early as 1954 with the passage of 26 U.S. Code § 721 though the practice traces back to the 1930s through other tax provisions. The primary benefit of this arrangement is to
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Exchange_fund
date created:
date modified:
2024-02-10T05:22:55Z
main entity:
{"identifier":"Q5419599","url":"https://www.wikidata.org/entity/Q5419599"}
image:
fields total:
13
integrity:
13