Talk about a one-stop-shop…
It seems that Nancy Pelosi is the greatest stock picker in history, even beating out Warren Buffett. I wonder how she has managed this?
Facetiousness aside, we have seen Twitter accounts that track Pelosi’s trades and while these are nice, we still have to monitor the account and physically make the individual trades.
Who wants to do that? I don’t want to do that…
I want to be able to press one button and forget about it—we are living in 2022.
Well, my friends that fantasy may soon be a reality with the advent of NANC ETF—an exchange-traded fund that mirrors all of her trades.
Let’s hope they don’t shut this idea down before it’s even out of the gate
Take a look:
JUST IN: You will soon be able to trade alongside Congress.
The ETFs follow trading of Democratic and Republican members, and their family. pic.twitter.com/qjB2Zihkbk
— unusual_whales (@unusual_whales) September 16, 2022
new ETFs: "NANC fund would be based on Democratic lawmakers' portfolios, while KRUZ fund would have stocks held by Republican politicians"https://t.co/hcepgZIXfT
— Emo Support Goose🌎 (@Pablonorm) September 20, 2022
According to The New York Post:
The Pelosi-themed ETF would trade under the ticker NANC in honor of the congresswoman whose husband frequently buys and sells stocks of the companies his wife regulates.
The NANC ETF aims to “achieve long-term capital appreciation” by mimicking the trades of Democrats in Congress, according to a September SEC filing.
Pending #ETFs seek to piggyback on so called smart money tracking what politicians are buying. But investors should hold stocks that make sense for them not someone else. @Vetta_Fi @NateGeraci @SteveJohnson000 $NANC $KRUZ https://t.co/ZPGZIt59EK
— Todd Rosenbluth (@ToddRosenbluth) September 19, 2022
New ETFs will be tracking lawmakers’ portfolios. The options flow platform @unusual_whales is planning two ETFs divided along party lines: ticker NANC for Democrats and KRUZ for Republicans.
Get the scoop on Market Movers Digest: https://t.co/dDlFWAQXs8
— MarketMovers (@MarketMovers) September 19, 2022
Market Watch had more on the corresponding GOP ETF:
The other ETF would have the ticker KRUZ and would track the equities held by Republican lawmakers or their spouses, the filing said.
That ticker is a reference to GOP Sen. Ted Cruz of Texas, according to Unusual Whales.
Cruz appears to have made only two trades in the past three years, according to Capitol Trades data, and he reportedly has considered introducing his own bill that would ban congressional buying and selling of stocks.