One exchange-traded fund is betting on a recovery in U.S. manufacturing jobs.
Maurits Pot, CEO and founder of Tema ETFs, is the man behind the Industrial Stock-focused US Return ETF (RSHO).
“Some would call it deglobalization. We’re in the early stages,” Porter said this week on CNBC’s “ETF Edge.” “At its core is job creation, manufacturing and reshoring – bringing back local manufacturing jobs.”
Pot’s company launched the U.S. Return ETF in May 2023.
Despite the strong performance, “ETF Edge” host Bob Pisani believes that ETFs built around a theme often come and go.
However, Todd Sohn of Strategas, which tracks the ETF industry, believes investing in U.S. manufacturing is a smart strategy. He pointed out industrial sector After shrinking significantly over the past three decades, it is now a runway for growth.
“If I’m going to invest in industrial stocks in a thematic way, I like to take a proactive approach,” said the firm’s managing director. “I do think there’s staying power here compared to some of the fads we’ve seen in the thematic space. —Especially those that are more technology- and growth-oriented.”
The U.S. Return ETF has underperformed the broader market over the past three months, falling more than 4%.
Disclaimer
About The Author
