Chip Taylor

The Senate Fund

Remember the study that found that a stock portfolio made up of the holdings of US Senators consistently out-performed the market?

If regular investors could buy shares in such a fund, now would probably be a good time to invest.

As Congress prepared for action on its biggest tax bill of this year, many senators had a personal as well as political stake in the domestic manufacturing companies that have emerged as key beneficiaries, according to 2003 financial disclosure statements released yesterday.

Although most of the holdings were relatively small, some of the wealthiest members of the Senate or their spouses held stock worth tens of thousands of dollars in companies that are in line to benefit from the corporate relief measure or are fighting to be included in it.