Why are ETFs generally more tax efficient than open end investment companies or closed end

investment companies?

ETFs tend to do less buying and selling of investments than open end investment companies or closed

end investment companies do$.$

ETFs tend to invest more in municipal bonds than open end investment companies or closed end

investment companies do$.$

ETFs tend to invest more in low$-$dividend, high$-$growth stocks than open end investment companies or

closed end investment companies do$.$

ETFs tend to invest more in high$-$dividend stocks than open end investment companies or closed end

investment companies do$.$