Market Overview

The Rick Santorum ETF Portfolio (KOL, PBS, IYZ)

We did it for Mitt Romney. We did for Newt Gingrich. A couple of months ago, we didn't think we'd have to do it for former Pennsylvania Senator Rick Santorum.

However, on the day that Michigan primary voters head to the polls to have their voices heard regarding their preference for the GOP nominee, Santorum is a major factor in this race. His campaign, in the minds of many political pundits, also hangs in the balance today.

We'll know tomorrow where the Santorum campaign is headed. For now, the Rick Santorum ETF Portfolio will have to suffice.

iShares Dow Jones US Telecom ETF (NYSE: IYZ) Starting off on a humorous note, the iShares Dow Jones US Telecom ETF makes the list due to Romney's accusations toward Santorum of robocalling in Michigan to get Democrats out to the polls to at least vote against in Santorum. Any Michigan voter, regardless of party affiliation, could have requested a ballot for today's GOP primary so there might be some legitimacy to the allegations.

Dow components AT&T (NYSE: T) and Verizon (NYSE: VZ) comprise more than 29% of IYZ's total weight and the defensive ETF is up more than 7% year-to-date with a dividend yield of around 3%. Oh yeah, at one point and maybe he still his, Santorum was a Frontier Communications (NYSE: FTR) shareholder.

Market Vectors Coal ETF (NYSE: KOL) Alright, we're into more legitimate territory here. Not only is Santorum from a major coal state, he did some public policy work for Consol Energy (NYSE: CNX) after leaving the Senate. With a weight of 7.25%, Consol is KOL's fourth-largest holding. The volatile ETF has had a decent start to 2012 and while a Santorum nomination might mean a small boost to the ETF's fortunes, KOL needs more than even Santorum winning the presidency to flourish. It needs the global economy to be very strong. KOL would be more interesting above $37.

iShares S&P North American Technology-Multimedia Networking Index Fund (NYSE: IGN) Again, maybe he still is, but in the past, Santorum has been a shareholder of JDS Uniphase (Nadsaq: JDSU) and the iShares S&P North American Technology-Multimedia Networking Index Fund is one of the few ETFs that offer any decent exposure to the stock. Santorum has also owned shares of smaller companies that could be seen as rivals to other IGN constituents.

Guggenheim Wilshire Micro-Cap ETF (NYSE: WMCR) WMCR makes the Santorum portfolio because it offers a 22.2% allocation to the health care sector and when one is talking micro-caps and health care, it usually means biotech. Most politicians opt to place their health care investments in blue chips like Pfizer (NYSE: PFE) or Merck (NYSE: MRK). Not Santorum. He has previously invested in tiny, speculative biotech names that could be part of WMCR at some point.

PowerShares Dynamic Media Portfolio (NYSE: PBS) Don't forget Santorum was a mini-media mogul after leaving the Senate. He has made money as a columnist for the Philadelphia Inquirer and as a contributor for News Corp.'s (Nasdaq: NWS) Fox News. New Corp. is one of PBS' top-10 holdings.

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