2 New ETFs Play Stocks Owned By Republicans and Democrats. Is That a Good Idea?

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The exchange-traded fund arena is teeming with thematic products constantly fighting for investor attention, and two new entrants on Tuesday promised to add “meaningful value” to portfolios. That latter remains to be seen.

The Unusual Whales Subversive Democratic ETF (ticker: NANC) and Unusual Whales Subversive Republican ETF (KRUZ) are equity-based ETFs launched Tuesday that invest in companies based on stocks purchased and sold by sitting, registered Democratic and Republican members of U.S. Congress, respectively, and/or their spouses.