Democratic ETF gains outpace MAGA fund ahead of midterm polls
DEMZ•Trump approval rating and inflation concerns in focus
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.
Democratic and MAGA ETFs diverge ahead of midterm elections
The Democratic Large Cap Core ETF DEMZ.O has gained ground ahead of the November 3 US midterm elections, outpacing the Truth Social America First ETF MAGA.P.
- DEMZ has gained 13.6% year to date, compared with MAGA's 7.2% rise over the same period.
- The DEMZ and MAGA ETFs consist of companies whose political contributions support causes and candidates from the Democratic and Republican parties, respectively, according to their websites.
- DEMZ does not include fossil-fuel companies.
- 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 , drugmaker and trading platform .
