Pass on this ETF: EventShares US Legislative Opportunities ETF

Article Excerpt

The EVENTSHARES US LEGISLATIVE OPPORTUNITIES ETF $24.98 (New York symbol PLCY) aims to hold stocks in companies that will be impacted by U.S. government policy and regulations. The fund currently holds 112 stocks. Top holdings include Avalara (sales tax software supplied to governments), Teladoc (virtual healthcare services), Axon Enterprises (technology and weapons such as tasers for law enforcement plus wearable cameras), and Tyler Technologies (information management solutions for local governments). The ETF launched in October 2017, and charges a high MER of 0.75%. Since inception almost 3 years ago, the fund has gained 17.7% compared to a gain of 25.7% for the broad-based Russell 1000 index. The ETF’s managers believe that government policies remain one of the great overlooked drivers of investment performance. They also feel that while we may be living through one of the more dramatic political times in decades, new policies and mandates continue to be implemented at all levels of government that will significantly impact various sectors and specific stocks. That may be so,…