Vanguard Says Tax-Loss Inflows to Muni ETFs Likely to Stick

Vanguard Group said tax-loss harvesting contributed to growth in municipal-bond exchange traded funds during 2026, with assets shifting from open-end mutual funds. The investment company indicated that mutual funds may not recover those assets. Tax-loss harvesting allows investors to sell securities at a loss to offset capital gains for tax purposes.

• Bloomberg — Vanguard Says Tax-Loss Inflows to Muni ETFs Likely to Stick

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