Insight
Tax-Loss Harvesting in Volatile Periods
Allspring's SMArt Direct Indexing uses daily optimization with the goal of harvesting tax losses and reducing tracking error. In April 2025, it swiftly captured tax benefits across 1,000+ global stocks via its agile, tech-powered platform, Remi.
10/16/2025
6 min read
Topic
Direct Indexing
Key takeaways
- Proactive daily optimization: Allspring’s SMArt Direct Indexing accounts are optimized daily, allowing for real-time identification of tax-loss harvesting and tracking error reduction opportunities.
- Responsiveness in volatile markets: During April 2025’s market turbulence, Allspring’s daily process enabled swift action, capturing meaningful tax benefits at a more frequent cadence.
- Broad-based, customized harvesting: Losses were harvested across over 1,000 stocks globally, with notable activity in biotech, energy, and international stocks—demonstrating the agility and precision of Allspring’s personalized, tech-enabled platform, Remi.
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Manju Boraiah—senior portfolio manager, head of Systematic Fixed Income and co-head of Custom SMA—has carved a unique path for his career—guided by his two passions, art and math.
Explore the ins and outs of direct indexing, why it matters, and how it can be used to create personalized, tax-smart investment strategies.