eToro Offers New Forex Portfolio Tied to US Politics
eToro introduced new investment portfolios, such as Congress-Buys, Lobby Spending, and DC-Insider, which allow investors to emulate strategic decisions made by members of the US Congress. This portfolio offers a unique opportunity for users to follow the investment patterns of influential figures in the political field.
Forex broker eToro introduces three innovative portfolios, allowing investors to leverage publicly available government data for informed trading. One of the standout portfolios, Congress-Buys, is designed to mimic the investment strategies of members of the US Congress, offering a unique way for traders to follow the footsteps of policymakers.
Partnering with Quiver Quantitative, eToro forex broker allows investors to replicate the strategic trades made by members of Congress before major events like COVID-19 lockdowns 19, the Silicon Valley Bank crisis, and the surge in Nvidia shares. The Congress-Buys portfolio includes the top 10 stocks bought by members of Congress based on transaction size over the last 100 days.
In addition to Congress-Buys, this copy trading broker has launched two other portfolios: Lobby-Spending, which focuses on companies that are increasing their lobbying efforts, and DC-Insider, which highlights companies with powerful government contracts and is frequently traded by members of Congress. Early investments featured well-known companies such as AT&T and Ford Motor, attracting investors who wanted to understand how lobbying and government contracts affected stock performance.
eToro's Chief Investment Officer, Gil Shapira, said the new portfolio gives retail investors access to important Capitol Hill data, helping them develop smarter trading strategies and more informed. By providing insight into the actual trading activities of politicians and the influence of lobbying firms, eToro continues to expand the scope of its copy trading platform.
In related forex broker news, eToro recently expanded its services staking to include Solana and Ethereum, offering rewards to eligible clients in select markets.