How to Defer Taxes Like the Rich and Famous

In this episode of ETF Spotlight, host Neena Mishra interviews Meb Faber, co-founder and CIO of Cambria Investment Management, about the 351 ETF exchange, a strategy that allows investors to defer capital gains taxes when converting appreciated stock positions into diversified ETFs. Meb explains the tax advantages of ETFs, the mechanics of a 351 exchange, diversification requirements, and tax consequences post-conversion, while also differentiating it from traditional exchange funds. He also discusses Cambria's existing and upcoming ETFs that utilize this strategy and shares his insights on international diversification, highlighting the attractiveness of value stocks in foreign markets.