Because ETFs create in - kind
liquidation units and trade like stocks, investors can control the timing and therefore the tax consequences of
sales, as well as employing techniques such as loss harvesting and lot selection to manage their tax liabilities.
Asked what effect this had on those individuals who had purchased Onni
units before the
liquidation sale, McNeill said he believed that reduction of the large inventory on the market would allow the prices to rebound more quickly, and these individuals would have better opportunity to trade up.