Online brokerage eToro today launched three new Smart Portfolios, including one that copies Congress members’ stock buys.
The portfolios, launched in partnership with investment research platform Quiver Quantitative, will all tap into publicly disclosed government data.
Public disclosures have revealed US politicians making stock trades around key events in recent years, such as right before the COVID-19 lockdown, the conflict in Ukraine, Silicon Valley Bank’s collapse, and Nvidia’s stock surge. To mimic their strategies, the Congress-Buys portfolio will include the top 10 stocks recently bought by Congress members based on the size of the purchase.
The Lobby-Spending portfolio will include companies with rising lobbying expenditures, while the DC-Insider portfolio will consist of firms that are frequently…
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