A US exchange-traded fund focused on conservative values has outperformed the broader market this year, despite a “red wave” of Republican support. The God Bless America fund, created for “God-fearing, flag-waving conservatives,” returned 32.9% in 2024, surpassing the S&P 500’s 26%. The fund’s largest holding is Tesla Inc., led by Elon Musk, who backed Donald Trump’s election campaign.
Source: https://www.bloomberg.com/news/articles/2024-12-22/-god-bless-america-fund-beats-political-rivals-with-33-gain