"MAGA": There Is Now An ETF Investing In Companies That Support The GOP

Tyler Durden's picture

The ongoing ETF insanity, which as of the end of August saw Vanguard fund inflows of $1.6 billion every day (or $100 million every single hour) has now boldly crossed over into the political arena, with the upcoming launch of the "MAGA" ETF, which hopes to "make America great again" by investing exclusively in companies that support the Republican Party, and Trump of course.

To keep it simple, the Point Bridge GOP Stock Tracker ETF will - as one would expect - list under the ticker “MAGA,” in reference to Trump's campaign slogan. In addition to MAGA, Hal Lambert, founder of Point Bridge, is planning a set of what it calls Politically Responsible Investing products. MAGA is expected to begin trading on September 7.

Unlike other ETFs which invest in specific industries, products, or factors, the ETF strategy will instead analyze the political contributions of the employees and the PACs of S&P companies. It will then pick the top 150 Republican stocks based on their contribution data for ETF inclusion. Lambert, a major Texas Republican fundraiser, refers to the approach as “politically responsible investing.”

Speaking to the Daily Caller, Lambert said that “corporations have been very active in political contributions and those effect the outcome of elections. Many are now becoming outwardly vocal in their attacks on President Trump and Republican policies to the detriment of their shareholders and the country. Investors need to support the companies that are supportive of President Trump and the Republican Party because that drives policy across the country.”

“How can a company that has a fiduciary duty to shareholders support candidates that want higher taxes on their company which ultimately harms their shareholders? Investors should have a way to say no thank you to companies that are actively against their interests.”

Lambert said that the top five Republican contributors in the past two election cycles were: AT&T, Marathon Petroleum, Home Depot, Exxon Mobil, and Altria. “All of those stocks will be in the ETF,” Lambert said. The launch of the fund comes as major corporations are increasingly getting involved in politics (just google GOOGLE).

Before rushing in, keep this in mind: one sector fund investors will miss is the one that has been the best performing YTD: tech. As of the most recent election cycle, the MAGA ETF will not have any large technology companies that are typically Democratic in their contributions, but Lambert maintains that with 150 stocks, it still contains plenty of industry diversity.

The fund, which is expected to list on the BATS exchange, has a rather generous annual expense ratio of 0.72%. Which is why investors may want to look to cheaper, knock-offs alternatives: according to Reuters, a rival group, Active Weighting Advisors LLC in Cape Girardeau, Missouri, plans a Republican Policies Fund and a Democratic Policies Fund listed under the tickers GOP and DEMS.

Is it unclear if there will be any correlation between the performance of the GOP or DEMS and the actual approval polling of either the Republican or Democrat party, although it is very clear that

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GunnerySgtHartman's picture

Have Tom Steyer, George Soros, and Warren Buffett shorted it yet?

knukles's picture

Instead of a lump of coal in a SJW's Xmas (er... whatever) stocking ....

MillionDollarButter's picture

Now, we just need the GOP to support MAGA.  If they add HAL or KBR, I am shorting it.

SoilMyselfRotten's picture

Lyndsey Graham started and named this project after himself, its full original name was I"MAGA"YMAN. "MAGA" had more flare.

Mark Urbo's picture

Really need an ETF that reflects those companies that choose to go against (politically) Trump and the MAGA agenda.  Several that have have taken it in the shorts already....

 

Blue Steel 309's picture

The proles should be grateful for an opportunity to let themselves be looted, because they can feel patriotic about it.

order66's picture

How do I short it?

Juggernaut x2's picture

Going into The Greatest Depression shorting that sounds like great advice. Home Depot at the top while gas heads to $3/+gallon? Moar please.

Fake Trump's picture

Ask Bannon. Did he say the presidency is over? Better ask Hillary or  Obama. 

LawsofPhysics's picture

greater fools wanted...

NoDebt's picture

It's the "Shake Weight" of late night infomercial investment products.

 

b-sugar's picture

Yeah, how about some economic news and analysis? Nope, france is dead, btc is not tulips and central banks are evil? alrighty then

dark pools of soros's picture

this 'economy' is like an 8 year game of Monopoly where they just keep adding more money to the poor losers so they can keep getting raped by the winners no matter what they roll

the only way it crashes is after China and Sunni own everything

The Cooler King's picture

This one has "GOLDMAN SACHS IN THE co-located microwave tower DARK POOLS" written all over it!

 

Wait until the 3x ETF comes out! That's when the true fleecing starts.

ebworthen's picture

Trump/MAGA and the GOP are two completely different things.

Mike Masr's picture

Your correct as the GOP is chock full of anti-MAGA neocon sewage!

Khan Bucklin's picture

Trump, MAGA and the GOP are THREE completely different things.

Maybe some day someone will define what "Great" actually means. Hint -- each person has their own definition. Divide & conquer. It's a feature not a bug!

shizzledizzle's picture

Fuck those clowns. 

Silver Savior's picture

Lol, that etf will gobble your money and you will never see it again. Kind of like what the GOP already does. Ah ha ha ha!

Rich Monk's picture

Unfortunately the GOP have sold their soles to zionist Israel at America's doom!

Khan Bucklin's picture

Yes because that's why all Republicans walk around barefoot. Idiot.

ET's picture

If it doesn't include, these companies then it's no good.

Boeing

Raytheon

Lockheed Martin

Fake Trump's picture

MAGA = Make All GOP look like Assholes. How about Hillary Cunt ETF?

GRDguy's picture

Not good for the honest folks.

That lyin', stealin' and killin' will continue is now being allowed to be bet on.

Probably a sure thing with financial sociopaths in control.

Yes We Can. But Lets Not.'s picture

Speaking of MAGA, did you see approval ratings: Trump 42%, US Congress 8%.

That 34% spread for POTUS has got to be a record high.

Trump's unshakeable base will stymie the Mueller-led deep-state takedown scheme.

If Trump somehow manages to terminate the deep-state and the RINOs infesting it he'll be greatest POTUS since at least Jackson.

bugs_'s picture

The Trump Curse is real.  The "Trump Curse" fund would short companies that have gone over the top in Trump bashing.

Son of Captain Nemo's picture

And WHY THE "FUCK" NOT?...

When money can no longer be made sound and investments are no longer "viable" make them "political"???...

Another absolutely fascinating journey in the "real World" version of the MOSW (https://www.youtube.com/watch?v=9ZlBUglE6Hc)

mjcarr51's picture

Doesn't matter what's stocks are in there.

 

All stocks go up.

Fiat Burner's picture

Not to worry. There is also a FANG stock ETF to go along with your MAGA ETF. Ticker is FNG.  

PitBullsRule's picture

Needs to be some Russian stocks in there, and probably something to represent the 1%, maybe a private jet company.

Cozy Vanilla Sugar's picture

Russian stocks - is it the lack of property rights ("you pay now, we might pay later") or shrinking Russian economy that attracts you most?

Cozy Vanilla Sugar's picture

Correction:

AT&T, Marathon Petroleum, Home Depot, Exxon Mobil, and Altria. “All of those stocks will be sold by company insiders and bought by greater fools invested in this moronic, thematic ETF,” Lambert said.


youshallnotkill's picture

Can't wait to short that crap.