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U.S Congress members’ trading activities: A case of NANC and KRUZ

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  • Baulkaran, Vishaal
  • Jain, Pawan

Abstract

This paper analyzes U.S. Congress members' investment behaviors through ETFs NANC and KRUZ, reflecting Democratic and Republican trading patterns. While NANC outperforms KRUZ, neither significantly outperforms market returns, suggesting regulatory measures like the STOCK Act mitigate informational advantages.

Suggested Citation

  • Baulkaran, Vishaal & Jain, Pawan, 2025. "U.S Congress members’ trading activities: A case of NANC and KRUZ," Economics Letters, Elsevier, vol. 250(C).
    • Handle: RePEc:eee:ecolet:v:250:y:2025:i:c:s0165176525001004
    DOI: 10.1016/j.econlet.2025.112263
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    References listed on IDEAS

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    1. Henk Berkman & Paul D. Koch & P. Joakim Westerholm, 2014. "Informed Trading through the Accounts of Children," Journal of Finance, American Finance Association, vol. 69(1), pages 363-404, February.
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    5. Mirzokhidjon Abdurakhmonov & Roary E. Snider & Jason W. Ridge & Dinesh Hasija, 2023. "Perceptions of political Self‐Dealing? An empirical investigation of market returns surrounding the disclosure of politician stock purchases," Strategic Management Journal, Wiley Blackwell, vol. 44(5), pages 1168-1198, May.
    6. Serkan Karadas, 2018. "Family ties and informed trading: evidence from Capitol Hill," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 42(2), pages 211-248, April.
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    Keywords

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    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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