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The Ultimate Tax Deferral: Inside the 351 Conversion ETF

Bloomberg Markets Thursday 13 August 2026, 14:09 UTC By Eric Balchunas and Joel Weber 1 min read
Key Points

Trillions The Ultimate Tax Deferral: Inside the 351 Conversion ETF ETFs are already famous for their tax efficiency, but this popular corner of the market is pushing those benefits further than ever. Listen and subscribe to Trillions on Apple, Spotify, iHeart and the Bloomberg Terminal. What if you could sell a massive stock position without paying taxes on it (at least not yet)?

Trillions The Ultimate Tax Deferral: Inside the 351 Conversion ETF ETFs are already famous for their tax efficiency, but this popular corner of the market is pushing those benefits further than ever. Listen and subscribe to Trillions on Apple, Spotify, iHeart and the Bloomberg Terminal. What if you could sell a massive stock position without paying taxes on it (at least not yet)? Let us introduce you to “351 conversions,” custom-built funds that allow investors to swap concentrated stock positions into diversified portfolios without paying capital gains taxes.
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Originally published by Bloomberg Markets Read original →

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