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ETP News: US ETF provider makes Trump MAGA-point

SRP News, 06 September 2017

Point Bridge Capital, a Texas-based investment firm, has filed a request with the US SEC to list the first exchange-traded fund (ETF) that will invest in stocks from companies that are highly supportive of federal Republican candidates including US President Donald Trump. The Point Bridge GOP Stock Tracker ETF, the new passive product will carry the ticker MAGA, which stands for President Trump's campaign slogan 'Make America Great Again'. According to the filing, the US-listed tracker will invest in companies which have employees or activities that are linked to Republican candidates for election to senior positions.

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