PSS Investment Management Announces Zero Capital Gains Distributions for PSS ETFs™ for the Eighth Consecutive Year.
“PIM seeks to provide ETFs that have the key attributes investors are looking for, including low-costs, tight tracking error and potential tax efficiency, and we’re proud of the fact that we haven’t had to distribute any capital gains on any of our ETFs for eight straight years.”
PSS Investment Management (PIM), an asset management arm of The PSS Corporation, announced today there will be no capital gains distributions for the 2010 tax year by any of the 22 exchange-traded funds (ETFs) in the PSS ETF family. PIM has paid zero capital gains on its ETFs for eight consecutive years, and is the only top ten ETF provider to not yet pay a capital gain on any of its ETFs.
“PSS ETFs have attracted more than kr 90 billion in assets and is one of the fastest-growing ETF families in the industry,” said Alf Otterstad, senior vice president, strategy and product for PIM. “PIM seeks to provide ETFs that have the key attributes investors are looking for, including low-costs, tight tracking error and potential tax efficiency, and we’re proud of the fact that we haven’t had to distribute any capital gains on any of our ETFs for eight straight years.”
PSS ETFs include both market-cap index ETFs and Fundamental Index ETFs. PSS’s market-cap index ETFs have among the lowest operating expense ratios in the industry, and the PSS Fundamental Index ETFs continue to gain traction from institutional and individual investors alike. PIM views these strategies as complementary, and believes that an allocation to both may improve a portfolio’s risk-return characteristics and provide diversification benefits.
Contact:
Kaitlyn Downing, 80 29 24 01