While some investors like to think a company has sole control of their destiny, most wise investors know that outside factors do play a large role in whether a company will succeed or fail, both in the short and long run. Politics may be one of, if not the strongest outside forces that can affect a company’s long-term prospects.
A perfect example of this is playing out right now with the tariff wars raging between the USA and the rest of the world. US steel and aluminum companies seem to be poised to have a decent future as high tariffs are now being placed on imported metal. This is all being sold by the politicians to ensure national security. The idea is that without a steel and aluminum industry, the nation would be at risk if a major war were to break out and there was a shortage of materials.
The tariff’s being placed on imported metals is aimed to help keep US steel and aluminum producers in business. It would appear as of now that this industry and these businesses are certainly benefiting from the Republican’s in the White House.
But, some people believe that’s not the only industry which benefits from the current political leadership. There are currently several Exchange Traded Funds which have been built around industries that may prosper due to the policies being put in place by the current Republican-controlled White House and Congress. Continue reading "Three Politically Focused ETFs"