Trump-themed ETF manager scoops up MAGA fund

By Suzanne McGee

PROVIDENCE, ‌Rhode Island, ​Feb ​19 (Reuters) - Yorkville America Equities LLC, the investment adviser that manages five new Truth Social-branded ‌ETFs focused on U.S. President Donald Trump's "America First" ⁠thesis, said on Thursday that it plans to acquire ‌the Point Bridge America First ‌ETF.

The proposed acquisition, which has been approved by Truth Social trustees, is the second such transaction ​announced by Yorkville in less than a month to scoop up a fund with an ⁠investment thesis aligned with Trump's policies. At the end of January, the ​firm said it reached an agreement to acquire the God Bless America ETF, another ​ETF that emphasizes what it ‌describes on its website as patriotic investing.

The transaction will enable Yorkville to expand "its ⁠values-aligned product suite while leveraging an established fund with a defined investor base and track record," it said ⁠in a statement.

The two transactions will give the Truth Social ETF ​franchise a big boost in assets. The five newly launched Truth Social ETFs have less than $50 million in assets, ‌while the God Bless America transaction would add some $101 million. The America First ‌ETF deal would bring in another $32 million.

Both transactions are expected ⁠to close in the ‌second quarter of ​2026, the firm said.

(Suzanne McGee in Providence, Rhode Island, editing by Lananh Nguyen, Rod ‌Nickel)

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