SunAmerica Fund Minimizes Tax Impact
March 15, 1999
SunAmerica Asset Corp. has introduced the Tax Managed Equity Fund, designed to produce high total returns and low taxes by using an optimization model developed by sub-adviser J.P. Morgan. J.P. Morgan first began offering this strategy of reducing capital gains taxes to high-net-worth clients in the 1980s. Steven Neamtz, executive vice president of SunAmerica Asset Management, believes investors will increasingly look to minimize after-tax returns.