Have you always wanted to invest like a member of Congress?
Yes, trusting in the judgment of U.S. senators and representatives about anything strikes us as a little strange, too. However, not everyone agrees.
The ETFs would be constructed to mimic the personal portfolios of members of Congress, based on the financial disclosures that federal elected officials must make. They are:
- The Unusual Whales Subversive Democratic Trading ETF (ticker symbol NANC)
- The Unusual Whales Subversive Republican Trading ETF (KRUZ)
The funds will consist of hundreds of holdings, which will be bought and sold based on the moves members of Congress make with their investments.
According to Bloomberg:
“The proposed funds would tap into a controversy over stock transactions made by lawmakers that sparked a flurry of bills to overhaul or update a 2012 law that governs disclosure, which have largely stalled despite bipartisan support. Currently, members of Congress are required to disclose any securities transactions valued at more than $1,000 within 45 days.”
If you want to take a chance riding on the coattails of your favorite politicians, it will cost you.
For more on making great investments, check out “9 Tips for Sane and Successful Stock Investing.”