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An ETF named after a popular Donald Trump phrase is outperforming the market after the president was voted out of office.
What Happened: One question asked by those following the ETF market around the time of the 2020 Presidential Election was what would happen to an ETF that tied itself to Donald Trump.
The
Point Bridge GOP Stock Tracker ETF (BATS: MAGA) tracks companies in the S&P 500 that make donations to the Republican party.
The ETF had assets of $8.6 million when Benzinga last wrote about it prior to the election. The ETF was launched in September 2017. Hal Lambert, the man behind the MAGA ETF, said the ETF would continue if Trump lost and the ETF would keep the MAGA symbol.