An ETF is launching that tracks GOP interests — and its ticker is 'MAGA' [The Business Insider]
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Source: The Business Insider
An ETF is launching that tracks GOP interests — and its ticker is 'MAGA' President Donald Trump's campaign slogan is now an ETF ticker. AP/Jae C. Hong Exchange-traded funds are getting political. Investment manager Point Bridge Capital is launching an ETF that will enable direct investment to companies that hold Republican interests in mind. According to an August 30 filing with the US Securities and Exchange Commission, the Point Bridge GOP Stock Tracker ETF will specifically track the performance of an index of stocks meeting the following criteria: And in a tip of the cap to President Donald Trump's campaign slogan, the ETF's ticker will be "MAGA," according to the SEC filing. MAGA, which is short for "Make America Great Again," became a popular rallying cry for Trump supporters during the 2016 election. In order to select its constituents, the fund's underlying index starts with an initial universe of S&P 500 companies, then whittles it down based on factors like campaign
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