A MAGA fund that invests in firms supporting values is outperforming the ESG funds that the Biden administration wants 401(k)s to invest in. Point Bridge Capital, which goes by the ticker MAGA, was found to be doing 15 percent better than ESG Funds and 13 percent better than the S&P 500 so far this year, according to a a analysis. The company, which holds $1.45 billion in assets, stands on the opposite end of the political spectrum to ESG funds, which focus investments on principles of environmental, social and corporate governance.
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