The Unusual Whales Democratic ETF, named in honor of former House Speaker Nancy Pelosi, has been making waves in the financial markets since its launch in 2023. This unique exchange-traded fund (ETF) tracks the stock trades of Democratic members of Congress and has been outperforming the S&P 500 by a significant margin.
Since its inception on Feb. 7, 2023, the Unusual Whales Democratic ETF, with the ticker symbol NANC, has seen a remarkable 30% surge in its value. This growth surpasses the 24% gain of the S&P 500 during the same period, as reported by Business Insider. The ETF’s success can be attributed to its heavy investments in major tech companies, including Microsoft, Amazon, Apple, and Nvidia. These tech giants are the fund’s largest holdings, with Microsoft alone accounting for nearly 10% of the fund.
The Unusual Whales Democratic ETF also includes other tech giants such as Salesforce and Alphabet, with these six stocks making up 32% of the fund’s total market value. In total, the fund comprises 719 stocks, offering a diversified portfolio for investors.
Despite the ongoing scrutiny of lawmakers’ stock trades, the Unusual Whales Democratic ETF has continued to perform well, reflecting the market’s confidence in the stocks favored by Democratic lawmakers. This success aligns with the trend of members of Congress outperforming the S&P 500 in their stock investments.
In contrast, a Republican-centric fund following a similar approach has been lagging behind the market. The Unusual Whales Republican ETF, identified by the ticker symbol “KRUZ,” has only seen a modest 15% gain since its inception.
The launch of the Unusual Whales Democratic ETF comes in response to the controversial stock trading activities of members of Congress. Calls for a ban on congressional stock trading have been growing, with a bill proposing such a ban introduced by Senators Kirsten Gillibrand and Josh Hawley in 2023.
One of the most scrutinized members of Congress for her trading history is Nancy Pelosi. After recently profiting more than $1 million from a trade in Nvidia, Pelosi disclosed a new technology stock purchase made by her and her husband, venture capitalist Paul Pelosi. This ongoing success and the subsequent launch of the NANC ETF have brought the trading activities of Democratic lawmakers into the spotlight.
Overall, the performance of the Unusual Whales Democratic ETF highlights the market’s confidence in the stock trades of Democratic members of Congress, particularly in the tech sector. As the debate over congressional stock trading continues, this ETF provides investors with an opportunity to align their investments with the trading activities of influential lawmakers.
