06/10/2026
The Investment Company Institute, the trade association representing more than $45 trillion in assets across mutual funds, ETFs, and other fund structures, has filed a comment letter with the United States Treasury Department requesting formal guidance on so-called Section 351 ETF conversions, a fast-growing tax planning strategy that allows investors to contribute appreciated securities to an exchange-traded fund without immediately recognizing capital gains. Read the full update from Liskow attorneys Leon Rittenberg III, Caroline Lafourcade, and Kevin Naccari, Jr. below.
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