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Why This Tax Reform Fund Is Underweight on Tech Stocks

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  • (0:30) - Event Shares Tax Reform Fund: Is The New Tax Bill A Winner?
  • (3:00) - TAXR Underweight In Tech: Repatriation Clause
  • (6:45) - What Tech Companies Does TAXR Hold?
  • (9:00) - Overview of Event Shares Tax Reform Fund: TAXR

On today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney is joined by Ben Phillips, the CIO of EventShares, to discuss why his company’s U.S Tax Reform Fund is actually underweight on tech stocks right now.

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The EventShares U.S. Tax Reform fund is an actively-managed ETF designed to invest in companies that will be positively impacted by the enactment of the recent changes to the U.S. Tax Code.

Many investors in the technology sector have grown excited that the recent tax reform will be a benefit to their holdings, especially as several noteworthy companies begin to bring overseas cash back home. However, Ben and the EventShares team view this as a one-time event that will not be a long-term growth catalyst in the same way that tax reform will drive other sectors.

Ben and Ryan discuss this argument and dig even further into the strategy behind TAXR. The two also discuss the tech stocks that are included in the TAXR fund and highlight why these companies should stand to benefit from tax reform more than others in the sector.

Make sure to tune into the show to hear more!

As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at Make sure to check out all of our other audio content at, and remember to subscribe and leave us a rating on iTunes.

As always, thanks for listening to the Zacks Tech Talk Tuesday Podcast; we will see you next time!

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