Published on 8 Nov 2024 on Benzinga
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Following Donald Trump‘s election victory, stocks of companies focused on reshoring production to the U.S. surged sharply this week, driven by expectations of more protectionist policies.
The American Reshoring ETF RSHO—a fund investing in 30 companies committing to reshoring their production lines back home—jumped over 8% in the week, outpacing broader market indices. The SPDR S&P 500 ETF Trust SPY was up 5% and on par with the iShares Russell 2000 ETF IWM.