The American Reshoring ETF, introduced by Tema ETFs CEO Maurits Pot, is focused on supporting the revival of U.S. manufacturing jobs. Pot believes that this movement, often referred to as “deglobalization,” is just beginning and emphasizes the importance of job creation and bringing back local manufacturing positions. This ETF was launched in May 2023 and
Strategy
Tungsten is a metal with a wide range of applications, from weapons and autos to electric car batteries and semiconductors. China dominates the supply chain for many critical minerals, including tungsten. The country’s control over this metal has raised concerns about the vulnerability of supply chains that rely heavily on Chinese production. Although China has
China’s manufacturing activity faced a setback in June, marking the second consecutive month of decline. The National Bureau of Statistics revealed that the purchasing managers’ index (PMI) remained stagnant at 49.5, below the 50-mark that signifies growth. Despite some positive indicators, such as the production sub-index being above 50, other key factors like new orders,
Global equity funds experienced a surge in inflows during the seven days leading to June 26. This influx, totaling $21.65 billion, was the highest recorded in more than three months. Investors are optimistic due to expectations of moderating U.S. inflation levels, which could prompt the Federal Reserve to announce interest rate cuts. The U.S. central
Europe is at risk of losing ground to the U.S. and China in the field of artificial intelligence, according to Prince Constantijn of the Netherlands. While European Union regulators have been focusing on regulating AI technologies through laws like the EU AI Act, Constantijn believes that this approach may limit Europe’s potential to become a
The Bank of Japan is sending strong signals regarding its quantitative tightening (QT) plan, hinting that it may be bigger than anticipated by the markets. Furthermore, there is talk of a possible interest rate hike accompanying this move, signifying a significant shift away from its massive monetary stimulus. These hawkish hints come in response to
In a market where concentration risk is a concern for investors, exploring value-oriented investments could be a wise decision. According to Phil McInnis, the chief investment strategist at Avantis Investors, taking a more diversified approach can provide better long-term returns compared to simply relying on index funds like the S&P 500. By focusing on companies
The global markets are currently on edge as Asian markets cautiously assess the impact of the recent success of right-wing parties in the European Union on the cohesion of the bloc. While EUROSTOXX 50 futures have shown a slight uptick of 0.2%, FTSE futures remain stagnant. The euro is holding steady at $1.0766, slightly above
In the wake of Chanel’s top designer’s departure, the $1.62 trillion luxury goods industry is experiencing significant upheaval. This departure has sent ripples not only through Chanel but across all major global players at a time when the industry as a whole is at a crossroads. Traditionally, the playbook for top fashion labels like Chanel,
President Emmanuel Macron of France and President Joe Biden of the United States have expressed a commitment to working together to prevent a broader escalation in the Middle East. Macron emphasized the importance of avoiding a regional explosion, with a key priority being to calm the situation between Israel and Hezbollah. Both countries are redoubling
The recent decision by the European Central Bank (ECB) to cut its benchmark interest rate has raised questions about the future direction of borrowing costs in the Eurozone. The rate cut from 4.0% to 3.75% was widely anticipated, given the disappointing wage and inflation data in recent weeks. However, the head of Austria’s central bank,
In the world of meme stocks and online trading, Keith Gill has made a name for himself as a champion of GameStop. Starting with a $53,000 bet in his favorite video game retailer almost five years ago, Gill’s net worth has now skyrocketed to over $289 million. Known as “DeepF——Value” on Reddit and “Roaring Kitty”