‘GRFT’ ETF Aims to Let Americans Bet on Washington Insider Ties

In an era of anti-establishment ire, Matthew Tuttle is betting there’s demand for a retail-friendly fund designed to profit from political influence in Corporate America.

The investment manager filed this week to launch an exchange-traded fund — ticker GRFT — that aims to hold a portfolio of companies with demonstrated ties to the politically connected, ranging from the inner circle of a sitting US president to members of Congress.

The premise, outlined in its prospectus, is to offer ordinary investors a way to trade on the perceived link between power and profit, effectively creating a bet on Washington’s insider culture. ...