"Welcome to Barstool Finance, Y'ALL!"
First off, an Exchange Traded Fund (or ETF) is a type of pooled investment security that tracks a particular index, sector, commodity, or other assets. It can be purchased or sold on a stock exchange in the same way that a regular stock can.
Unlike a Mutual Fund, an ETF is a basket of securities that trades on an exchange just like a stock does with the share price fluctuating all day as the ETF is bought and sold. One other nuance is ETFs offer low expense ratios and fewer broker commissions than buying the stocks individually.
So now that we are jake on what an ETF is, I am proud to announce the God Bless America ETF debuted this week.
With an absolutely WONDERFUL ticker symbol (YALL), investors can now tap into any “anti-woke” sentiments they may have and buy a basket tailored for the political right that (according to the prospectus) “eliminates companies that, in the Sub-Adviser’s assessment, have emphasized politically left and/or liberal political activism and social agendas at the expense of maximizing shareholder returns.”
YALL is not the first to market with this idea, with tickers like MAGA (Point Bridge America First ETF) and DRLL (Strive U.S. Energy ETF) being created in reaction to companies and funds implementing "environmental, social and governance requirements", factors that some say get in the way of good investing choices.
The fund will invest in 30-40 stocks at any time but its top three positions are in Tesla (TSLA), Nvidia (NVDA), and Amgen (AMGN). TSLA has a 7.98% weighting in YALL, whereas NVDA and AMGN have 5.79% and 5.06% portfolio stakes.
Since YALL is too young to judge on a performance basis, the liberal cucks are already complaining the expense ratio for the ETF is much too high at 0.65%.
But real Americans understand, freedom comes with a price… And if you don't like it, you can move back to Mother Russia.
YALL closed up over 2% today, keeping pace with a broader market that decided to take a day off from inflation concerns… CPI rose more than expected this morning, but all 30 Dow stocks were higher, with the energy and financial sectors posting the biggest gains.
Take a report.
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