Subversive ETFs Files for Two Musk-Exclusion Funds Tracking Nasdaq 100 and S&P 500

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According to Bloomberg on Thursday, July 9, Subversive ETFs has filed applications for two new exchange-traded funds designed to track the Nasdaq 100 and S&P 500 indexes while excluding all companies founded, controlled, or led by Elon Musk. The proposed funds, with ticker symbols QQNE and SPNE, would allow investors to hold broad market exposure while avoiding Tesla and SpaceX, which was recently added to the Nasdaq 100 index. The ETF issuer noted that some investors have concerns about governance risks, political risks, and volatility associated with Musk-related enterprises.
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