The Tema American Reshoring ETF (NYSE:RSHO), the first U.S.-listed fund dedicated to reshoring investing, outperformed the S&P 500 Index over the last year, remarkably achieving this without holding any of the high-flying Magnificent Seven stocks. As of June 3, 2024, the RSHO ETF recorded a 32% annual gain, outperforming the SPDR S&P 500 ETF Trust (NYSE:SPY) by about 7 percentage points. “The industrial world needs to be rewired to support local manufacturing,” Maurits Pot, founder and CEO at Tema ETF Management, told Benzinga in an exclusive interview. Pot noted supply chain insecurity, trade wars, geopolitical tensions and deglobalization are pushing companies such as Micron Technology Inc. (NASDAQ:MU), Apple Inc. (NASDAQ:AAPL), General Motors Co. (NYSE:GM), and Boeing Co. (NYSE:BA) to bring their manufacturing activities back to America for the first time. “I think what we’re starting to see is a massive reinvestment and reactivation of the U.S. industrial heartland,” Pot said, highlighting that parts of Indiana, Kansas and Michigan, once left ...