Tuttle Capital Management has announced plans to launch a novel Exchange Traded Fund (ETF), dubbed the "Tuttle Capital Congressional Trading ETF." This actively managed fund aims to replicate the investment portfolios of members of the US Congress and their spouses, as disclosed in public filings. The initiative is in line with the "Stop Trading on Congressional Knowledge Act" of 2012, which seeks to prevent lawmakers from exploiting non-public information for personal financial gain.

The proposed ETF will draw inspiration from the historical investment performance of congressional members, their committee assignments, and seniority. Tuttle Capital Management has also indicated a management fee of 0.75% for the fund. This move follows similar initiatives by Subversive Capital Advisors, which introduced ETFs tracking Democratic and Republican congresspeople's stock picks in February 2023. These ETFs have since demonstrated notable returns, outperforming the S&P 500.

Tuttle Capital Management's foray into this space is not without precedent. In 2022, the company filed proposals for two ETFs centered around the investment advice of CNBC's Jim Cramer. Although these ETFs were short-lived, the company has also explored launching leveraged and inverse Bitcoin ETFs. The "Tuttle Capital Congressional Trading ETF" represents an intriguing addition to the firm's repertoire, offering investors a chance to mirror the investment strategies of US lawmakers.

The new ETF has the potential to attract significant attention, given the unique investment approach and the involvement of high-profile political figures. As the fund moves forward, it will be interesting to observe its performance and the degree to which it resonates with investors. Tuttle Capital Management's innovative strategy may pave the way for further experimentation in the ETF market, providing investors with novel opportunities for diversification and growth.

The launch of the "Tuttle Capital Congressional Trading ETF" is subject to regulatory approval. If successful, it may signal a new trend in the investment landscape, where the investment decisions of influential figures are replicated and made accessible to a broader audience. As the financial industry continues to evolve, such innovative approaches may play a crucial role in shaping the future of investment strategies.