Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

‘Make America Great Again’ ETF to launch

‘Make America Great Again’ ETF to launch

The latest thematic ETF to hit the market will hitch its wagon to the will of US President Donald Trump and the Republican Party with a pledge to ‘Make America Great Again’.

The ETF will invest solely in stocks tied to the Republican Party and is set to be launched by investment manager Point Bridge Capital, according to an SEC filing.

Formally called the Point Bridge GOP Stock Tracker ETF, the new passive product will carry the ticker MAGA, which stands for President Trump’s campaign slogan ‘Make America Great Again’.

According to the filing, the US-listed tracker will invest in companies which have employees or activities which are highly linked to Republican candidates for election to senior positions.

This could mean companies associated with candidates for Congress, Vice President or even the role of President. This is as well as those tied to federal committees or groups or other related investable stocks. Bloomberg has reported that the ETF is set to become live on September 7.

The announcement of the planned ETF sparked a strong response from the industry, with prolific market commentator Josh Brown, who runs The Reformed Broker, being particularly scathing about the viability of the MAGA ETF.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Alternative Ucits Retreat 2017

    Citywire Alternative Ucits Retreat 2017

  • Citywire Milan 2017

    Citywire Milan 2017

  • Citywire Paris 2017

    Citywire Paris 2017

  • Citywire Deutschland 2017

    Citywire Deutschland 2017

  • Citywire DACH 2016

    Citywire DACH 2016

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016

  • Citywire Berlin 2016

    Citywire Berlin 2016

  • Citywire Switzerland 2016

    Citywire Switzerland 2016

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016