Hi,I have been given the difficult assignment of assessing my significant other's relatives' portfolio. Her Bolivian uncle was the beneficiary of a will and was given a lump-sum of cash in Bolivia (he lives in Bolivia). He has parked the money in an off-shore savings account in the Bahamas but he would like to enter the U.S. stock market. He got in touch with a Crestar financial adviser who recommended an "offshore" MFS Meridian Massachusetts Investors Trust - Class B, a Five Star Morningstar mutual fund. The adviser claimed that he could bypass American capital gains taxes this way because the monies are in special "off-shore accounts" and he was a foreign investor.Are you familiar with special off-shore mutual fund accounts? If so, are the financial advisers claims true? Who, other than MFS Meridian, offers these off-shore accounts? (I called Vanguard and they do not; MFS says they do but only investment advisers can discuss them with potential clients)Many thanks in advance,Neil, a Fool
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