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ICI challenges tax treatment of ETNs

Contrary to Jeff Benjamin's assertions, mutual funds and other investment companies welcome competition based on investment prowess, shareholder service, and fees and expenses ("ICI seeks a protected market for mutual funds," InvestmentNews, Dec. 10.).

Contrary to Jeff Benjamin's assertions, mutual funds and other investment companies welcome competition based on investment prowess, shareholder service, and fees and expenses ("ICI seeks a protected market for mutual funds," InvestmentNews, Dec. 10.).

What our industry doesn't welcome is co

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