MAGA ETF Founder Is Backing DeSantis Over Trump: 'I'm In For DeSantis This Time'
Portfolio Pulse from Chris Katje
Hal Lambert, founder of the Point Bridge America First ETF (BATS:MAGA) and former Trump ally, is now backing Florida Governor Ron DeSantis for the 2024 election. Lambert, a major GOP donor, believes Trump's focus on the past will hinder his chances in the general election. The MAGA ETF, which invests in companies supporting Republican candidates and causes, has $18.5 million in assets under management.
May 22, 2023 | 10:18 pm
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Hal Lambert, founder of the MAGA ETF, is now backing Ron DeSantis for the 2024 election, potentially affecting the ETF's future direction.
Hal Lambert's shift in support from Trump to DeSantis may lead to questions about the future direction of the MAGA ETF. However, it is unclear how this news will directly impact the ETF's short-term performance. The ETF's focus on companies supporting Republican candidates and causes will likely remain unchanged, but investor sentiment may be influenced by Lambert's shift in support.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100