FYI: A divided Congress—the result of Tuesday’s midterm elections—could be especially good for health-care, infrastructure, and telecom stocks, says Ben Phillips, chief investment officer of EventShares, sponsor of the EventShares US Policy Alpha ETF (ticker: PLCY), an actively managed exchange-traded fund focused on long-term policy catalysts. Phillips, one of our Barron’s midterms roundtable panelists, presciently loaded the PLCY portfolio in recent weeks with many stocks tied to these industries. The move paid off: PLCY rallied about 2.5% Wednesday, against a gain of 2.12% in the S&P 500.
Regards,
Ted
https://www.barrons.com/articles/midterm-elections-winning-stocks-1541643506?mod=hp_DAY_5M* Snaphot PLCY:
https://www.morningstar.com/etfs/BATS/PLCY/quote.html