Un Patriotic ETF, tied to the “MAGA” values, which is all about Trump’s victory in the presidential elections on November 5. The name itself makes it clear where it wants to go: “God Bless America”, that is, “God bless the United States”. What it contains is explained by Sun 24 Hours. Stocks that would benefit from Trump’s return to the White House and his policies that oppose ESG parameters, sustainability and diversity.
The ETF that bets on Trump
The God Bless America ETF, ticker “Yall”, according to the technical description provided by Bloomberg “selects U.S. companies with a capitalization of at least one billion dollars, eliminating those that have emphasized left-wing or liberal political activism and those that have shown attention to social issues with respect to shareholder return”.
Marco Piersimoni, co-head euro multi asset of Picet Am, explains to Sun 24 Hours that “this ETF demonstrates that there is a belief that Trump's election, especially if associated with a Republican majority in Congress, could put on the agenda policies diametrically opposed to those attentive to ESG issues, sustainability and diversity”.
Un ETFs Defined as “Anti-Sustainability”, which is performing in line with market sentiment.
How is Trump Media stock doing?
Meanwhile, the spotlight continues to be on stocks Trump Media & Technology Group, the company that controls Truth Social, Donald Trump's social network. The stock, in recent weeks, has been more volatile than ever, with continuous ups and downs that depend on the tycoon's latest "outburst" or on what happens around him. Some examples? On Monday, October 7, the shares rose by 11%, on Tuesday, October 8, by a further 17 percent. The reason? The decision to Elon Musk di join Trump at his Butler rally, in Pennsylvania. On Wednesday, however, the stock was hit by profit taking, losing 5,6% of its value. And again: last September 23, at the end of the lock-up period on the shares of Donald Trump and other shareholders of the company, the shares hit a new historical low, equal to 12,15 dollars. Today they are worth 20,57, more than three times lower than the high of $66 touched shortly after the IPO, which took place on March 27, 2024 through the merger with Digital World Acquisition Corp. The current market capitalisation amounts to 4,12 billion dollars, less than half of the 10 billion reached after the IPO.
What the polls say about the US elections
Anyone who wants to bet on Trump's victory must therefore pay close attention to theevolution of polls. According to the latest Times/Siena polls, at a national level Kamala Harris is ahead against Donald Trump: 49% to 46 percent. Similar percentages are also contained in the latest survey by expert Nate Silver, according to which Harris would be ahead with 49,3%, while Trump would be trailing with 46,2 percent.
How are things going in the States in the balance? For the New York Times the Democratic candidate would be ahead in Wisconsin (+2%), Michigan (+1%), Pennsylvania (less than 1%) and Nevada (+1%), while Trump would be ahead in Georgia (+2%), North Carolina (less than 1%) and Arizona (+2%).
