tax-managed funds

tax-managed funds
фонды с законным уклонением акционеров от уплаты налогов
Инвестиционные фонды, где доход по акциям в портфеле фонда постоянно реинвестируется. Единственная цель управляющего портфелем фонда состоит в увеличении стоимости чистых активов в расчете на одну акцию. Поскольку нет никаких выплат владельцам акций, инвестор в фонд с законным уклонением акционеров от уплаты налогов не платит никаких текущих налогов.

Англо-русский словарь по инвестициям. 2014.

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