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About: Point Bridge Capital     Goto   Sponge   NotDistinct   Permalink

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Point Bridge Capital is an investment company founded by Hal Lambert in 2013. Point Bridge is known for "MAGA ETF", an exchange-traded fund on the BATS Global Markets exchange that invests in companies that are especially active in Republican circles. The fund's selection criteris uses Federal Election Commission data to select the top 150 companies. The name is a nod to Make America Great Again, the 2016 presidential campaign slogan of Donald Trump. The fund is administered by Point Bridge and distributed by Foreside Fund Services. The fund launched on September 6, 2017 in reaction to Target Corp's inclusive bathroom policy in 2016 and Donald Trump's nomination. It has a higher expense ratio of 0.72% than simple trackers and funds, which run from 0.04% to 0.08%.