Exchange-traded funds (ETFs) have grown very specific over the years. While you can invest in broad funds that track thousands of stocks, just the Nasdaq, or certain types of industries, there are also many thematic ones that can allow you to narrow your focus down to a specific area such as climate change or artificial intelligence.
One of the newest ETFs out there which just launched last week is the Unusual Whales Subversive Democratic Trading ETF (NYSE American: NANC). The ticker symbol is in reference to the former Speaker of the House of Representatives, Nancy Pelosi. The fund states that it, "will invest in equity securities purchased or sold by Democratic members of Congress and their spouses."
And for Republicans, there is also the Unusual Whales Subversive Republican Trading ETF (NYSE American:KRUZ). That ticker symbol is in reference to United States Senator Ted Cruz.
At first glance, the Republic ETF appears to be a bit more diversified as its top holding, Magellan Midstream Partners (NYSE:MMP) accounts for only 3.5% of all net assets. And no other stock accounts for even 3%. On the Democratic ETF, however, there are multiple stocks that account for more than 5% apiece, including tech stock Microsoft (NASDAQ:MSFT), which was the fund's top holding as of Feb. 10 at 7.6%. Microsoft is also among the top holdings in the Republican ETF as well, but there it is in second spot at just 2.6% of the fund's total weight
If nothing else, these new funds give investors a way to see what Democrats and Republicans are buying.
