Choosing red or blue equals less green

Aligning your portfolio with your political beliefs is costly, said Liam Denning and Nir Kaissar in Bloomberg .com. October saw the launch of the American Conservative Values ETF, which excludes companies that are “funding the ‘liberal agenda.’” Out go Facebook, Apple, Alphabet, and—since their executives criticized a new Georgia voting law—Delta and Coca-Cola. The rest of the portfolio looks “very much like the S&P 500 but with a rightward lean.” The difference is the price compared with investing in a regular S&P index tracker: ACVF’s expense ratio is 75 basis points, or .75 percent of your money every year, versus just 3 basis points for an inexpensive

S&P 500 fund. Conservatives aren’t the only ones trying to “cash in on political tribalism.” There is also the Democratic Large Cap Core ETF “with a blue tinge,” which charges a somewhat less onerous 45 basis points.