EXCLUSIVE: Tema American Reshoring ETF Outshines S&P 500 Without Owning Magnificent 7 Stocks — 'They Can No Longer Manufacture In China'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 03 2024
0mins
Source: Benzinga
- Reshoring ETF Performance: The Tema American Reshoring ETF (RSHO) has outperformed the S&P 500 Index by 7 percentage points, achieving a 32% annual gain.
- Reasons for Reshoring: Factors like supply chain insecurity, trade wars, and deglobalization are prompting companies like Micron Technology, Apple, General Motors, and Boeing to bring manufacturing back to the U.S.
- Government Support: Bipartisan policies totaling $1.85 trillion are driving reshoring efforts, focusing on infrastructure investment and job creation.
- Fund Strategy: The RSHO ETF holds 31 companies, including reshoring firms, facilitators, and beneficiaries in the U.S. midcap space.
- Fund Management: Managed by Chris Semenuk, the fund saw $15 million in inflows last week, reaching an asset under management of $35 million, showcasing strong performance without holding high-profile stocks.
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Analyst Views on BA
Wall Street analysts forecast BA stock price to rise
17 Analyst Rating
14 Buy
2 Hold
1 Sell
Strong Buy
Current: 239.350
Low
150.00
Averages
252.43
High
285.00
Current: 239.350
Low
150.00
Averages
252.43
High
285.00
About BA
The Boeing Company is an aerospace company. Its segments include Commercial Airplanes (BCA), Defense, Space & Security (BDS), and Global Services (BGS). Its BCA segment develops, produces and markets commercial jet aircraft principally for the commercial airline industry worldwide. Its family of commercial jet aircraft in production includes the 737 narrow-body model and the 767, 777 and 787 wide-body models. Its BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. Its BGS segment provides services to its commercial and defense customers worldwide. It sustains aerospace platforms and systems with a range of products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Risk Management and Competition: By collaborating with Nvidia, Joby mitigates the risk of Wisk overtaking it in the autonomous market, with expectations that Joby could launch both piloted air taxis and possibly autonomous military versions before Wisk's civil autonomous eVTOL is certified.
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