If you like to invest but don't like Congress, you might want to read up on the Congressional Effect Fund (CEFFX). Talk about a strange investment strategy, this fund's goal is to utilize the Congressional Effect on Stocks by investing in the S&P 500 on the days when Congress is not in session and investing in bonds and other interest-bearing domestic securities when Congress is €œin session. The Effect is based on the belief that when Congress is in session, it adversely affects the stock market.
The fund has been around since May 2008 and is up 8.06% year to date, outperforming the Morningstar Moderate Target Risk Index by almost double. The fund has $7.71 million in assets.