, Columnist
Put the Money in the BOXX
Also Goldman committees, Ukraine reparations bonds and earnings release typos.
For a while now people have emailed me occasionally about BOXX, the Alpha Architect 1-3 Month Box ETF, which is, loosely speaking, a money-market exchange-traded fund whose holders get paid Treasury bill interest rates but don’t pay taxes. I mean, that’s what it looks like on the outside. On the inside it’s a pile of stock options. “Isn’t this cool,” is how these emails often go. Or, “what is going on here?”
Today Bloomberg’s Zachary Mider has an article explaining BOXX’s magic, and it is very fun, and very much up my alley, and if you are reading this column it’s probably very much up your alley as well: