Macro Finance
Vanguard, BlackRock ETF Shuffle Lets Foreign Investors Duck US Tax
Bloomberg Markets·September 1, 2026·1 min read
Major institutions are flipping between near-identical equity funds to avoid receiving dividends and the 30% tax that comes with them. The ETF shuffle by Vanguard and BlackRock allows foreign investors to duck US tax obligations, a strategy gaining traction among large players.
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