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“The Unusual Whales Democratic ETF, which trades under the symbol ‘NANC’ in a nod to former House Speaker Nancy Pelosi, has surged 30% since its launch on February 7, 2023.
“That compares to a gain of 24% for the S&P 500 over the same time period.”
Investopedia explains what an “ETF” is.
The outlet reports:
An exchange-traded fund (ETF) is a basket of securities that trades on an exchange just like a stock does.
ETF share prices fluctuate all day as the ETF is bought and sold; this is different from mutual funds, which only trade once a day after the market closes.
Business Insider reports that the particular ETF referred to above – the one that trades under NANC – “tracks the trades of Democrats in Congress and their spouses.”
Patrick says
One could build a stock growth fund that watches and buys whatever stocks these folks buy.
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https://t.me/epochtimes/58068