Matthew Tuttle from Tuttle Capital Management talks about his recently filed new ETFs.
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00:00 We got a great conversation today.
00:02 First thing I wanted to ask you about is, of course, we've been seeing a lot of ESG
00:08 focused before we came out of the pandemic.
00:11 And after that, we've been seeing a little bit of some pushback.
00:15 Of course, let's talk a little bit about these companies.
00:18 You elaborated on the concept of being politically neutral and how those characteristics are
00:24 defined and also what outperformance you might be catching here for us.
00:29 Yeah.
00:30 So, you know, we've seen, thankfully, over the past few months, a lot of pushback on
00:37 ESG.
00:38 You're seeing BlackRock and guys like that kind of back away.
00:42 And I think investors are realizing, you know what, this stuff just doesn't provide the
00:48 performance, which at the end of the day is what you want.
00:52 So we've been doing a lot of work on what we call politically neutral.
00:58 So, you know, some of the pushback on ESG, you've seen investors move towards, you know,
01:05 companies that are, you know, on the right side of the spectrum.
01:09 And you know, I don't, you know, that hasn't worked very well.
01:12 I don't think it's going to work.
01:14 What we've found is the companies that are totally neutral, meaning we're not getting
01:20 involved in politics left or right.
01:23 We make a product.
01:24 We're focused on making more of the product, selling more of the product, selling at a
01:28 higher price.
01:30 You know, just in your mind, those companies should do better.
01:34 And you know, we've found based on our research and piggybacking off some research, some guys
01:40 at a company called Second Vote did.
01:43 We've found that's the case.
01:45 And I mean, it's just one of those things that makes sense that companies that don't
01:49 get engaged in politics, focused purely on profits, should be more profitable.
01:57 So let's talk about these companies that are getting involved in politics.
02:00 And you've recently filed for a couple of new ETFs.
02:03 Tell us about those and tell us about the companies that potentially are getting involved
02:08 in these politics that might be companies that you're looking to put, you know, actually
02:12 short maybe in these ETFs.
02:14 Yeah.
02:15 So, you know, you guys kind of know my history when I see things that piss me off.
02:19 I usually launch an ETF to take the other side.
02:25 And you know, what's going on with companies going woke?
02:28 Pisses me off.
02:30 And it pisses me off from the standpoint of when you are the CEO of a company, you've
02:35 got a fiduciary responsibility to your shareholders.
02:39 You know, I don't care what you do, you know, personally, but when you're dealing with your
02:45 company, if I'm a shareholder of, you know, an InBev, a Target, a Nike, a Disney, I'm
02:52 not going to, I'm not a happy guy.
02:54 So, you know, we filed for Go Woke, Go Broke, you know, GWGB to basically short stocks of
03:02 companies that go woke, you know, because you're seeing a lot of, oh, you know, we're
03:07 going to boycott.
03:08 Okay.
03:09 You want to boycott, but a boycott doesn't help you.
03:12 But what does help you is if someone's stock price is going to tank 20%, let's make, let's
03:17 make some money.
03:18 The other one we filed is GUNZ, G-U-N-Z.
03:24 It's a home security index, you know, so guns, tasers, home alarms, all that stuff based
03:30 on the idea that things are not getting safer out there.
03:36 And someone's got to go out there and call that out.
03:39 I mean, you know, I've got kids who live in New York City and I got a kid who lives in
03:43 Chicago that should not frighten me.
03:47 It scares the crap out of me and it shouldn't.
03:50 I mean, those should be safe places for your kids to live and they just aren't.
03:57 So you know, someone's got to take the side of that.
04:00 And if, you know, you figure if things are becoming less safe, then home security will
04:07 probably become a sector that people want to invest in.
04:12 So there should be an ETF for that.