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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
Updated on

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.