Jump to content
Sign in to follow this  
beartd

ETF's / Custodial Account

Recommended Posts

Can a 403(b) (non -church) Plan invest in ETFs?  It is my understanding that some ETFs are considered mutual funds as long as it is a Registered Investment Company under Section 851(a) of the code.  Can anyone confirm with a site? 

Thanks

 

Share this post


Link to post
Share on other sites

The best answer which anyone can give you is this:  Any entity that is a registered investment company under IRC Section 851(a) (and many/most ETFs are) is eligible to be held in a 403(b)(7) custodial account.  Not really possible to provide a citation, but if you pull the prospectus for a couple of ETFs you likely will find in the tax disclosure that they are intended to be 851(a) tax RICs.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×
×
  • Create New...