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Are ETF's of foreign closed funds treated as passive foreign investments. I.E. CEF Closed End Canadian Fund.


Are ETF's of foreign closed funds treated as passive foreign investments. I.E. CEF Closed End Canadian Fund.

That is an excellent question. The fund is actually managed by a Canadian company but trades on the U S stock exchange. I suggest that to be absolutely sure, send an email to the address posted below.

passive, yes, but I don't thing foreign investment, because the etf is a security (irrespective of what stock/bonds it holds) issued in the US by a US issuer.

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