FILE PHOTO: The mascots of the Democratic and Republican parties are seen on a video screen. REUTERS/Carlos Barria/ File Photo
(Reuters) - An exchange-traded fund that follows the stock trades of Democratic lawmakers has seen sharp gains since its launch last year, outperforming a Republican-oriented fund, on the back of big bets on megacap technology companies.
The $49 million Subversive Unusual Whales Democratic ETF, the ticker of which is a play on the name of former Democratic Speaker Nancy Pelosi, has surged nearly 35% since its launch on Feb. 7 last year.
