Democratic & Republican politicians’ stock picks are now tradable through these ETFs
Feb. 07, 2023 2:05 PM ET
Unusual Whales Subversive Democratic Trading ETF (NANC), KRUZ GOOG, AMZN, MSFT, MMP, GOOGL, MAGA, ET, DEMZ, ACVF, YALL
By: Jason Capul, SA News Editor
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Think U.S. lawmakers have the inside track when it comes to the stock market? Now there are ETFs that allow investors to track moves made by politicians of the two major political parties.
Unusual Whales, in conjunction with Subversive Capital, unveiled two politically charged exchange traded funds that cater to both the Republican and Democratic sides of the aisle. The two funds are the Unusual Whales Subversive Democratic ETF (BATS: NANC) and Unusual Whales Subversive Republican ETF (BATS: KRUZ).
NANC: Plans to invest insecurities purchased or sold by Democratic members of Congress and their spouses.
KRUZ: Offers exposure to securities purchased or sold by Republican members of Congress and their spouses.
From a holdings point of view, NANC’s top three positions are in Microsoft ( MSFT), Amazon ( AMZN), and Alphabet ( GOOG) ( GOOGL) at weightings of 7.31%, 6.67%, and 5.91% respectively.
KRUZ on the other hand has its top three stakes in Magellan Midstream Partners ( MMP), Microsoft ( MSFT), and Energy Transfer ( ET), which have weightings of 3.44%, 2.55%, and 2.24% respectively. Additionally, both funds come attached with a 0.75% expense ratio.
Regarding the launch of NANC and KRUZ, the ETFs portfolio manager Christian Cooper stated: "A quick online search shows how members of Congress perform relative to the rest of the market. Congress has outperformed the market and beat the SPY index in 2021 and 2022. We believe members of Congress have more information than the rest of us, and if they can trade on that information, we should be able to do the same, and now we can."
KRUZ and NANC are not the first two politically charged ETF to hit the Street. Other such funds include the God Bless America ETF ( YALL), American Conservative Values ETF ( ACVF), Point Bridge America First ETF ( MAGA), and the Democratic Large Cap Core ETF ( DEMZ). |
