Can't make this up - new ETF's
By: Jason Capul, SA News Editor
"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."
How long will it be before TheShadow posts these funds are being liquidated?