A new online broker, Motif Investing, is offering Obamacare’s friends and foes alike a chance to put their money where their mouth is. Co-founded by a former Microsoft executive, Hardeep Walia, and backed by Goldman Sachs and other investors, Motif allows customers to bet on narrowly tailored concepts.
Two of the hottest motifs right now are Obamacare and repeal Obamacare.
What’s most striking isn’t the performance of the two funds, but where investors are choosing to place their money … One is clearly more popular: … Motif investors have bet 45 times more money on Obamacare’s success than on its failure.
Since the U.S. Supreme Court upheld the law’s constitutionality in June 2012, investment in the health-care sector has soared.
Bloomberg analyst Eric Balchunas: “Clearly Obamacare has provided a major catalyst to the investment case for this red-hot sector.”
Via Taegan Goddard.