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Showing 1 to 1 of 1 for “"Tax Overhang"”.
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Selling Winners, Holding Losers: Effect on Mutual Fund Performance and Flows
… Past research has found that funds with low tax overhang garner larger inflows. Though disposition-prone funds are likely to have a lower tax overhang because they sell their winners quickly, we find that fund flows to disposition-prone funds are smaller than flows to non-disposition oriented …