Investing in mutual funds for retirement is never too late. And the Zacks Mutual Fund Rank can be an excellent tool for investors looking to secure their financial future. With a wide range of options available, mutual funds provide diversification and professional management that can help individuals achieve their retirement goals.
In recent news, Fidelity Investments announced the launch of six new active exchange-traded funds that were previously traded as mutual funds. This move offers investors more flexibility and access to different investment strategies. The transition from mutual funds to ETFs allows for greater transparency and potential cost savings for investors.
When a mutual fund sells a holding that has appreciated, it realizes a capital gain on that position. This can have tax implications for investors, especially if they hold the fund in a taxable account. It is important for investors to be aware of the potential tax consequences and consult with a financial advisor or tax professional before making any investment decisions.