A coalition of three investment management firms has unveiled an exchange-traded fund (ETF) aimed at investing in companies poised to benefit from deregulation and free capital markets, the partners announced on Tuesday.
The Free Markets ETF began trading on the NYSE on Tuesday and will target companies of all sizes across various industries that are expected to gain from President Donald Trump’s anticipated deregulation efforts during his second term.
Hal Lambert, founder of Point Bridge Capital—one of the firms managing the ETF—explained, “I started thinking about this last summer when the Supreme Court overturned the Chevron doctrine.”
In June 2024, the Supreme Court ruled 6-3 to overturn a 1984 decision that had allowed regulatory agencies significant leeway in interpreting the laws they enforce.
“This was a major victory for businesses facing heavy regulatory burdens, and Trump’s election will only accelerate the deregulation process,” Lambert noted.
Following the election, Lambert collaborated with Michael Gayed, portfolio manager at Tactical Rotation Management, and Todd Stankiewicz from SYKON Asset Management to create the ETF.
They teamed up with Tidal Investments, a “white label” ETF issuer that supports companies in launching their own branded funds.
“There wasn’t another product focused on investing in deregulation as a theme,” Gayed remarked, adding that the portfolio will encompass a diverse range of assets, including bitcoin, gold, and stocks from mid-sized financial firms to the nuclear energy sector.
Notable holdings include positions in Uranium Energy Corp, Robinhood Markets, and Old National Bancorp.
“This is about profits, not politics,” Gayed emphasized, while acknowledging that current U.S. political trends are expected to drive profitability for the ETF’s portfolio.
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