No SpaceX, No Tesla? No Problem for These ‘Ex-Elon’ ETFs
Subversive Markets Lab said the actively managed funds will exclude Tesla and SpaceX while redistributing their weight across the remaining benchmark stocks.
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4 Articles
New 'Anti-Elon' ETFs Allow Investors to Avoid Tesla and SpaceX
Millions of investors own shares in Tesla without ever buying the stock directly. Others are set to gain exposure to SpaceX after its recent inclusion in major US market indices. Now, a pair of proposed exchange-traded funds, or ETFs, aims to give investors another option by excluding companies associated with Elon Musk while still tracking the broader market. Subversive Markets Lab LLC has filed with the US Securities and Exchange Commission (S…
The Daily Upside
evshift.comNo SpaceX, No Tesla? No Problem for These ‘Ex-Elon’ ETFs
Two new funds are borrowing from Mean Girls’ Gretchen Wieners, telling Elon Musk: “You can’t sit with us.” Subversive ETFs filed with the Securities and Exchange Commission last week to launch a pair of “ex-Elon funds,” including the Nasdaq-100 Ex-Elon Enterprises ETF (QQNE) and S&P 500 Ex-Elon Enterprises ETF (SPNE). The actively managed products offer exposure to the Nasdaq-100 and S&P 500, respectively, but ditch any securities in companies …
New "Ex-Elon" ETFs Aim To Strip Tesla (NASDAQ: TSLA) And SpaceX From Investor Portfolios
Subversive Markets Lab LLC has filed with the SEC to launch two new ETFs designed to track major U.S. indexes while excluding companies founded, controlled, or led by Elon Musk. The proposed funds, the Subversive Nasdaq-100 Ex-Elon Enterprises ETF (QQNE) and the Subversive S&P 500 Ex-Elon Enterprises ETF (SPNE), would mirror their respective benchmarks with one key omission. Tesla Inc. (NASDAQ: TSLA) and Space Exploration Technologies Corp. are …
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