Tema U.S. Manufacturing & Reshoring ETF
WELD
New York Stock Exchange Arca- -
USD
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 575 5th Ave New York NY United States of America 10017
- IPO Date
- Jun 22, 2026
- Website
- temaetfs.com
- Similar Companies
- Business
- Tema U.S. Manufacturing & Reshoring ETF (WELD) is an actively managed U.S.-focused ETF that seeks long-term growth by investing in companies positioned to benefit from the reshoring of manufacturing and the revival of domestic industrial activity. The fund aims to capture opportunities across the U.S. manufacturing ecosystem, including suppliers, machinery and components, infrastructure, and related services, with a tilt toward equities tied to domestic production, supply chain localization, and capital expenditure in the American industrial base. It targets companies across industrials, materials, and related sectors with North American exposure and a meaningful linkage to U.S. manufacturing and infrastructure initiatives. Founding and structure - Founded in 2024 as part of Tema ETFs’ lineup of thematically focused, actively managed funds; headquarters are in New York, NY. The fund’s advisor is Tema Global Limited, with ongoing ETF management and independent governance aligned to institutional quality standards. The issuer has positioned WELD as a vehicle for investors seeking exposure to the so-called industrial renaissance and domestic-versus-offshore manufacturing trends. - The fund’s strategy emphasizes active management to capitalize on evolving reshoring dynamics, rather than a purely passive replication. Main products and services - Core investment exposure: U.S.-listed equities tied to reshoring beneficiaries, including manufacturers, suppliers, infrastructure and logistics players, and related industrial services. - Thematic categorization: Reshoring facilitators, reshoring manufacturers, and reshoring beneficiaries, with emphasis on companies that directly or indirectly support domestic production, supply chain localization, and capital expenditure in U.S. manufacturing. - Ancillary investment services: Ongoing portfolio construction, quarterly rebalancing, risk controls, and thematic research commentary produced by Tema’s investment team; transparent disclosure of holdings and sector/region tilts consistent with ETF governance standards. - Market access and liquidity services: Public trading on major U.S. exchanges, with standard ETF creation/redemption process for authorized participants, and regular dissemination of fund performance and holdings data. Geographic and market scope - primary focus on U.S.-domiciled companies with direct or indirect exposure to U.S. manufacturing, infrastructure and industrial activity; broad regional diversification within the United States and meaningful cross-border exposure to Canada and Mexico where relevant to North American supply chains. - North American concentration with international holdings limited to bodies with meaningful U.S. manufacturing linkage; periodic disclosure of geographic allocation and country-level exposure. Industry and business segments - Industrials and manufacturing equipment; materials and components; transportation and infrastructure-related services; construction and engineering services; and select technology enablers supporting domestic production and supply chain resilience. - Fundmatic emphasis on sectors benefiting from reshoring trends, including capital goods, raw materials, logistics, and engineering services, with a focus on long-term secular growth supported by domestic industrial policy and corporate capital expenditure. Recent significant changes and developments - Ticker update: In mid-2026, Tema ETFs announces an official ticker change for the fund to WELD, reflecting branding and market recognition of the reshoring theme; effective on or around June 22, 2026. This change accompanies ongoing marketing and investor education initiatives to align product naming with strategic positioning. - Strategic emphasis and product evolution: The ETF program continues to expand awareness of U.S. manufacturing and infrastructure exposure, with ongoing enhancements to disclosures, portfolio transparency, and engagement with institutional and advisor channels to reflect the evolving reshoring narrative and supply chain considerations. - Fund management and governance: As an actively managed vehicle, the fund benefits from Tema Global Limited’s ongoing portfolio construction and risk oversight, with periodic updates to investment philosophy in response to macro policy shifts and industry dynamics affecting U.S. manufacturing demand. Additional context and considerations - Target markets: Institutional and high-net-worth investors seeking exposure to U.S. manufacturing upstarts, established industrials, infrastructure spend, and supply chain localization themes. - Subsidiaries/parent relationships: The fund is part of Tema ETFs’ family of actively managed ETFs; it operates under Tema Global Limited’s asset management framework with ongoing oversight by Tema’s leadership and related affiliates. - Competitive positioning: The fund competes with other U.S. manufacturing and reshoring-focused ETFs by combining active management with a thematic emphasis on domestic industrial resurgence, aiming to deliver realized upside from targeted holdings and sector rotation aligned to policy and demand cycles. - Risk considerations: Concentration risk in a relatively narrow thematic universe; sensitivity to U.S. industrial policy shifts, global supply chain dynamics, interest rate movements, and commodity price volatility; liquidity risk in mid-cap and specialized industrial firms. - Related benchmarks and peer activity: The fund tracks a dynamic, issuer-defined benchmark reflective of reshoring themes; it competes with other U.S.-focused industrials and manufacturing ETFs that emphasize domestic return-to-production narratives. Note: The description above reflects publicly available information about the fund’s mandate, strategy, and recent operational changes up to 2026, including the ticker transition to WELD and the fund’s emphasis on U.S. manufacturing reshoring themes.