© Reuters. Mid-term elections in the United States are underway. Which ETFs should investors keep an eye on?
Zhitong Finance APP has learned that with the start of the US midterm elections, Wall Street’s focus is gradually shifting to those ETFs that are driven by political factors.
Among them, conservative ETFs are: God Bless America ETF (YALL.US), American Conservative Values ETF (ACVF.US) and Point Bridge America First ETF (MAGA.US).
And the ETFs related to liberals and environmental issues are: Democratic Large Cap Core ETF (DEMZ), Global Clean Energy ETF-iShares (ICLN.US) and Invesco Solar ETF (TAN.US).
Since the beginning of the year, these ETFs are back: YALL + 8.1%, ACVF-18%, MAGA-2.1%, DEMZ-22.8%, ICLN-11.2%, TAN-9%. With the exception of DEMZ, most ETFs outperformed the S&P 500.
In these mid-term elections, hot topics such as the economy, inflation, reproductive rights and the conflict between Russia and Ukraine have become decisive factors for the election result. 34 of the 100 seats in the Senate and all 435 seats in the House of Representatives will be decided in the elections on Tuesday, local time.
Markets now widely expect Republicans to take control of the House of Representatives (Democrats currently hold a narrow majority in the House of Representatives). Republicans have an 84 percent chance of winning a majority in the House, according to Fivethirtyeight, a professional pollster.
On the side of the Senate, the race remains tight, even if the FiveThirtyEight data show the Republicans in the lead. The results are likely to depend on states such as Georgia, Pennsylvania and Nevada.
