Tema U.S. Manufacturing & Reshoring ETF (WELD) Earns 5-Star Morningstar Rating
WELD invests in companies positioned for a new era of U.S. manufacturing.
Tema ETFs (“Tema”), a leader in institutional-quality and actively managed exchange-traded funds, today announced that its U.S. Manufacturing & Reshoring ETF (WELD) has earned a 5-star Morningstar Rating.1
WELD, which formerly traded under the ticker RSHO, first listed in May 2023.2 The fund invests in companies positioned to benefit from growth in U.S. manufacturing and industrial activity, supported by long-term tailwinds including deglobalization, reshoring, and renewed emphasis on supply chain resilience. WELD has returned 31.62% annualized since inception.3
“WELD delivers a differentiated, institutional-grade solution for investing in the revival of U.S. industry and manufacturing,” said Chris Semenuk, Investment Partner and Portfolio Manager at Tema ETFs. “The most recent ISM Manufacturing Index reading hit a four-year high,4 reflecting what we believe is an emerging domestic manufacturing renaissance. WELD focuses primarily on mid-cap U.S. industrial companies, where policy incentives and geopolitical uncertainty are helping drive renewed growth.”
