Democratic ETF gains outpace MAGA fund ahead of midterm polls
DEMZ•Political backdrop
Trump's approval rating fell to a career-low of 32%, a Reuters/Ipsos poll showed on Monday, as the Iran war keeps oil prices elevated, bringing inflation and interest rates into the spotlight.
Holdings and management
It is managed by Reflection Asset Management; top holdings include "Magnificent Seven" members Microsoft (MSFT.O), Nvidia (NVDA.O), Apple (AAPL.O), and dispensing equipment maker Nordson (NDSN.O) — data compiled by LSEG.
MAGA is managed by Point Bridge Capital, acquired by Yorkville America Equities and Truth Social — President Donald Trump's social media platform — late in July.
MAGA's top holdings are Elon Musk-led SpaceX (SPCX.O) and Tesla (TSLA.O), drugmaker Insmed (INSM.O) and trading platform Robinhood Markets (HOOD.O).
DEMZ leads MAGA ahead of midterm elections
The Democratic Large Cap Core ETF (DEMZ.O) gains lead over the Truth Social America First ETF (MAGA.P) ahead of the November 3 US midterm elections.
DEMZ has gained 13.6% year-to-date, compared with MAGA's 7.2% over the same period.
DEMZ and MAGA ETFs consist of companies whose political contributions support causes and candidates from the Democratic and Republican parties, respectively, per their websites.
DEMZ ETF does not include fossil-fuel companies.
