According to Bloomberg, two lesser-known ETFs that focus on American manufacturing themes are quietly attracting assets, indicating investor confidence in the future of domestic manufacturing under the next presidential administration. While other election-related trades have been reconsidered due to changing political dynamics, the $1.4 billion First Trust RBA American Industrial Renaissance ETF (ticker: AIRR) and another similar ETF have seen consistent demand. This trend contrasts with the broader market sentiment, which has been more uncertain.
Despite being relatively small in the context of the $9.5 trillion US ETF market, the inflows into these funds suggest that some investors believe reshoring and industrial stocks will perform well regardless of the election outcome. The decade-old AIRR tracks American industrial companies and has been gaining traction as part of a broader market reassessment ahead of the November election. Bloomberg Intelligence notes that these flows reflect a growing investor belief in the resilience and potential growth of the US manufacturing sector.