EXCLUSIVE: Investment Firm Launches MAGA Fund To Support Trump And Republicans
A Texas-based investment firm is launching the first exchange traded fund (ETF) that will invest in stocks that are highly supportive of federal Republican candidates including President Donald Trump, The Daily Caller has learned.
Hal Lambert, founder of Point Bridge Capital, is launching the Point Bridge GOP Stock Tracker ETF – stock ticker MAGA. The ETF will trade like a single stock and any investor with a brokerage account will be able to purchase MAGA beginning Sept. 7.
The ETF strategy starts with stocks in the S&P 500 and analyzes the political contributions of the employees and the company PACs. The top 150 Republican stocks based on their contribution data are then included in the ETF. Lambert, a major Texas Republican fundraiser, refers to the approach as “politically responsible investing.”
The fund is launching as major corporations are increasingly getting involved in politics. Vox recently asked whether corporations are becoming the new arbiters of public morality.
Lambert told TheDC the top five Republican contributors in the past two election cycles were: AT&T, Marathon Petroleum, Home Depot, Exxon Mobil, and Altria. “All of those stocks will be in the ETF,” Lambert said.
The top five Democrat contributors were: Alphabet (Google), Time Warner, Walt Disney, Apple, and Dish Network.
As of the most recent election cycle, the MAGA ETF will not have any large technology companies that are typically Democratic in their contributions, but Lambert maintains that with 150 stocks, it still contains plenty of industry diversity.
Lambert told TheDC: “Corporations have been very active in political contributions and those effect the outcome of elections. Many are now becoming outwardly vocal in their attacks on President Trump and Republican policies to the detriment of their shareholders and the country. Investors need to support the companies that are supportive of President Trump and the Republican Party because that drives policy across the country.”
“How can a company that has a fiduciary duty to shareholders support candidates that want higher taxes on their company which ultimately harms their shareholders? Investors should have a way to say no thank you to companies that are actively against their interests.”