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US lawmakers’ stock market trades targeted by ETFs

Upstart fund manager plans to piggyback on controversial transactions by politicians

Most Americans believe politicians have an “unfair” edge in stock market trading and should be banned from buying and selling equities.

While they have not got their way on the latter, Joe Public will at least be able to piggyback on the former, if two proposed exchange traded funds are approved by the US regulator.

Subversive Capital Advisors, an upstart New York-based manager, has filed with the Securities and Exchange Commission to launch the Unusual Whales Subversive Democratic Trading ETF (NANC) and an identical Republican sister product (KRUZ).

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