Investing in US Mutual Funds can damage your wealth

US investors have pretty much engaged in a love affair with mutual funds, closed-end funds, money market funds, and exchange-traded funds (ETFs). All these investment vehicles provide access to a broad array of asset classes, often at a low cost. However, if the US investor living in the UK does not take preventative measures, the relatively low cost of such funds will not be sufficient to offset the high UK tax bill they could incur on realising gains.