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Point Bridge Capital launches new "Trump" ETF

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According to a June filing with the Securities and Exchange Commission, the fund will track an index of companies “whose employees and political action committees are highly supportive of Republican candidates for election to the United States Congress, the Vice Presidency, or the Presidency and related Republican Party committees,” including the Republican National Committee and the National Republican Senatorial Committee, as well as Republican leadership PACs.The index the fund tracks will look at the components of the S&P 500 SPX, +0.20% and then eliminate the names “whose employee households and PAC have made aggregate reported political contributions of less than $25,000 across the two most recent election cycles.” The remaining stocks will be ranked in a process “based primarily on the total net dollars and the net percentage of dollars given by a company’s employees and/or PAC to Republican candidates and Republican committees versus Democratic candidates and Democratic committees.” 

http://www.marketwatch.com/story/think-trump-and-the-republicans...

https://www.sec.gov/Archives/edgar/data/1540305/0000894189170046...

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Isn't the Trump etf already called SPY?

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TravelerMSY said:   Isn't the Trump etf already called SPY?
  I thought it was DWRU?

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Short! Short! Short!

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Seems silly to me. The same companies will donate heavily to a democratic administration and congress as well. It's mostly transactional.

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TravelerMSY said:   Isn't the Trump etf already called SPY?
  SPY = SPDR S&P 500 ETF Trust which has been around for decades.

My recommendation would be SUCKR

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They were probably disappointed that ticker RUSHA was already taken.

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