Ben Phillips, Chief Investment Officer at EventShares, a financial firm that creates ETFs based on political and other events, discusses the company's latest fund focused on the tax reform bill.
For each ETF, EventShares chooses stocks that stand to benefit based on the policies put forth by each party. The tax reform ETF functions the same way. Phillips adds that EventShares has the ability to re-balance the ETF as needed, based on the conversation coming out of Washington.
We talk about how the reform bill will impact indexes as a whole, but Phillips adds that he does not think that investing in specific indices is the way to go. He believes that investors can profit the most off of tax reform through an ETF with carefully curated companies.
The number of Americans applying for unemployment benefits fell sharply last week, a sign that U.S. job market remains resilient despite higher interest rates.
The ousted leader of ChatGPT-maker OpenAI is returning to the company that fired him late last week, culminating a days-long power struggle that shocked the tech industry and brought attention to the conflicts around how to safely build artificial intelligence.
New Jersey will prohibit the sale of new gasoline-powered vehicles by 2035 as part of an effort to improve air quality and reduce planet-warming pollutants, officials announced Tuesday.
