Are you looking to make a political statement as you invest your family nest egg? You have plenty of options, at least if you support fashionable “environmental, social and governance” causes like climate and diversity. If you lean unstylishly to the right, you can buy into niche mutual funds that choose stocks with free-market or religious principles in mind. But what if you want to avoid politics? That’s easier said than done.


The standard advice to retail investors is to buy passively managed index funds, which invest in the stocks of a broad range of companies. That’s an excellent way to balance risk and return, to ride waves of economic growth and offset losses from individual companies that sink beneath them. But Vivek Ramaswamy, a newly minted investment-fund executive, says that politics have quickly come to dominate index funds too. He has an ambitious plan that aims to break its grip.

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