Democratic ETF gains outpace MAGA fund ahead of midterm polls

Nordson

22/09/2026 19:23

Updates
** The Democratic Large Cap Core ETF DEMZ.O gains lead over the Truth Social America First ETF MAGA.P ahead of the November 3 US midterm elections
** DEMZ has gained 13.6% YTD, compared with MAGA's 7.2% rise over the same period
** DEMZ and MAGA ETFs consist of companies whose political contributions support causes and candidates from the Democratic and Republican parties, respectively, per their websites 
** DEMZ ETF does not include fossil-fuel companies    
** It is managed by Reflection Asset Management; top holdings include "Magnificent Seven" members Microsoft MSFT.O, Nvidia NVDA.O, Apple AAPL.O, and dispensing equipment maker Nordson NDSN.O — data compiled by LSEG
** MAGA is managed by Point Bridge Capital, acquired by Yorkville America Equities and Truth Social — President Donald Trump's social media platform — late in July
** MAGA's top holdings are Elon Musk-led SpaceX SPCX.O and Tesla TSLA.O, drugmaker Insmed INSM.O and trading platform Robinhood Markets HOOD.O
** Trump's approval rating fell to a career-low of 32%, a Reuters/Ipsos poll showed on Monday, as the Iran war keeps oil prices elevated, bringing inflation and interest rates into the spotlight

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))