Billl Ackman says Pershing not placing bets on U.S. presidential race outcome

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Bill Ackman, founder and CEO of Pershing Square Capital Management, said the firm is not placing bets tied to the outcome of the U.S. presidential election that ends in early November. “We have no ...

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We own these great American businesses.”  The hedge fund boss appeared on CNBC’s “Squawk Box” expressing his support for former President Donald Trump in his Oval Office run against Vice President Kamala Harris.  The contest appears to be in a dead-heat less than two weeks before November 5. In national polling, Harris had a +2 point lead over Trump as of Wednesday, according to the New York Times. The NYT also said the candidates were essentially tied in five so-called battleground states – Pennsylvania, Michigan, Nevada, Wisconsin and North Carolina.  In the betting markets, Trump held an advantage over Harris in odds of winning, at 61% vs 41% on the PredictIt site.  For investors looking to track the elections through market instruments, here are some politically driven Republican and Democratic exchange-traded funds:  God Bless America ETF (NYSEARCA:YALL) American Conservative Values ETF (NYSEARCA:ACVF) Point Bridge America First ETF (BATS:MAGA) Democratic Large Cap Core ETF (NASDAQ:DEMZ) Unusual Whales Subversive Democratic ETF (BATS:NANC) Unusual Whales Subversive Republican ETF (BATS:KRUZ)  Here are some Treasury ETFs: (TLT), (IEF), (SHY) and (SGOV).  And some ETFs tracking the S&P 500 (SP500): (IVV), (SPY), (VOO), (RSP) and (SH).  Readers interested in investing topics tied to the upcoming election can find more information at the upcoming Seeking Alpha Investing Forum: Election 2024;please visit the event website.  Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477552298"}