Emily Booth: New Corruption ETFs with tickers NANC & KRUZ to track Lawmakers’ Stock Buys, as Ban on Congressional Insider Trading looks unlikely before midterm elections

Thanks to Nancy Pelosi’s Scandalous Insider Trader husband Paul Pelosi,

Congress Stock-Trade Tracking Funds NANC and KRUZ Are On Way

NANC, KRUZ will comb disclosures from both political parties
Congressional trading is an online ‘fixation,’ BI analyst says

A pair of exchange-traded funds that would mirror the personal portfolios of members of Congress may be coming soon.

The Unusual Whales Subversive Democratic Trading ETF (ticker NANC) and the Unusual Whales Subversive Republican Trading ETF (KRUZ) would analyze the financial disclosure of lawmakers from both parties and their spouses and dependent children to construct a portfolio of between 500 and 600 holdings, according to a regulatory filing Thursday. When a position is reported as sold, the ETFs will offload the security as well.

Follow The Money, Follow The Power, Follow Me — Prophet Pelosi

The proposed funds would tap into a controversy over stock transactions made by lawmakers that sparked a flurry of bills to overhaul or update a 2012 law that governs disclosure, which have largely stalled despite bipartisan support. Currently, members of Congress are required to disclose any securities transactions valued at more than $1,000 within 45 days.

While it’s unclear if packaging lawmakers’ portfolios into an ETF will generate returns, it will almost certainly produce buzz, said Bloomberg Intelligence ETF analyst James Seyffart.

“It’s a fixation of the online trading community and financial Twitter to track what politicians are doing,” Seyffart said. “I’m not sure what kind of longevity this strategy will have, but I think they will drum up a lot of interest and if these things start beating the market, I think they could garner more than enough assets to be profitable.”

The funds will only focus on equity holdings, the filing said. Both ETFs would charge a 1% expense ratio. Michael Auerbach and Christian Cooper will serve as portfolio managers.