Point Bridge Capital, a company that invests in Republican values and bears the stock-ticker name of “MAGA,” has been outperforming Environmental, Social, and Governance (ESG) funds endorsed by the Biden administration — by a healthy margin.
According to Bloomberg News, “MAGA” has produced gains at a rate of 15% higher than ESG funds, and 13% more than the ESG funds invested in the S&P 500 this year — the same ESG funds the Biden White House would prefer to headline Americans’ 401(k) investments.
“The [ESG] is not based on investment principles,” Hal Lambert, the “MAGA” fund founder, told the Daily Mail. “[Democrats are] pushing it to change the culture of corporate America that will ultimately hurt investors.”
Read more at Newsmax© 2022 Newsmax. All rights reserved.