4 ms·

Unusual Whales Subversive Democratic Trading ETF

14 points by belter 2y ago

kleinsch 2y ago
The story sounds appealing (members of congress know more than you do, so invest like they do) but this is just bait for retail investors. Expense ratio of 0.75% is crazy for a fund that holds 400+ stocks. Disclosure info on congressional portfolios is delayed 30 days, so you're missing out on cases they're trading on time sensitive information.
- turnsout 2y ago
  Especially when it looks like a fairly unremarkable mix of megacap stocks. Pure marketing.
  - blitzar 2y ago
    Advanced Charts - Comparision - Nasdaq. Its 1:1 with very slightly lower performance since inception 44% vs 48%
Wistar 2y ago
From ETF.com: “NANC Analysis & Insights NANC seeks to broadly invest in stocks purchased or sold by Democratic members of the US Congress and their families. NANC aims to copy stock investments of sitting Democratic members of the US Congress, including their families. Under the STOCK Act, Congress members and their families are required to disclose their trading activities through Periodic Transaction Reports (PTRs). The initial portfolio makes use of PTRs for the past three years. Selection and weighting are then informed by buy/sell decisions reported in PTRs while in office. Due to the reports range of transaction values, the relative composition is adjusted based on the midpoint of these ranges. The actively managed fund invests in about 500-600 stocks that could vary based on the number of positions traded. The fund excludes trades reported in individual PTRs as bought and sold, transactions in the securities underlying any reported options contract, and those acquired before the Congressmembers term. NANC may transact in sector-specific funds, as reported on PTRs, but excludes broad-based funds. The fund does not consider investments by Congressmembers that are registered outside of the Democratic party.”
fred_is_fred 2y ago
What's the ticker for the Republican one? ALITO?
- ThinkingGuy 2y ago
  KRUZ https://www.morningstar.com/etfs/bats/kruz/quote https://www.morningstar.com/etfs/bats/kruz/quote
dredmorbius 2y ago
Submitter: You might want to note both when you're drawing attention to (for future readers who won't see the same current chart) and what you're drawing attention to.

14 points by belter 2y ago

The story sounds appealing (members of congress know more than you do, so invest like they do) but this is just bait for retail investors. Expense ratio of 0.75% is crazy for a fund that holds 400+ stocks. Disclosure info on congressional portfolios is delayed 30 days, so you're missing out on cases they're trading on time sensitive information.

turnsout 2y ago
Especially when it looks like a fairly unremarkable mix of megacap stocks. Pure marketing.
- blitzar 2y ago
  Advanced Charts - Comparision - Nasdaq. Its 1:1 with very slightly lower performance since inception 44% vs 48%

Wistar 2y ago

From ETF.com: “NANC Analysis & Insights NANC seeks to broadly invest in stocks purchased or sold by Democratic members of the US Congress and their families. NANC aims to copy stock investments of sitting Democratic members of the US Congress, including their families. Under the STOCK Act, Congress members and their families are required to disclose their trading activities through Periodic Transaction Reports (PTRs). The initial portfolio makes use of PTRs for the past three years. Selection and weighting are then informed by buy/sell decisions reported in PTRs while in office. Due to the reports range of transaction values, the relative composition is adjusted based on the midpoint of these ranges. The actively managed fund invests in about 500-600 stocks that could vary based on the number of positions traded. The fund excludes trades reported in individual PTRs as bought and sold, transactions in the securities underlying any reported options contract, and those acquired before the Congressmembers term. NANC may transact in sector-specific funds, as reported on PTRs, but excludes broad-based funds. The fund does not consider investments by Congressmembers that are registered outside of the Democratic party.”

fred_is_fred 2y ago

What's the ticker for the Republican one? ALITO?

ThinkingGuy 2y ago
KRUZ https://www.morningstar.com/etfs/bats/kruz/quote https://www.morningstar.com/etfs/bats/kruz/quote

dredmorbius 2y ago

Submitter: You might want to note both when you're drawing attention to (for future readers who won't see the same current chart) and what you're drawing attention to.