RBA Industrial Renaissance ETF
First Trust shared its plans to roll out its new American Industrial Renaissance ETF, which will track the Richard Bernstein Advisors American Industrial Renaissance Index. The fund’s underlying index is designed to measure the performance of small and mid cap U.S. companies in the industrial and community banking sectors.
The investment thesis for this fund is based on RBA’s belief that the United States may regain industrial market share, based on factors such as access to cheap energy sources, the growing availability of bank financing for manufacturers, and the relative stability of the U.S. market compared with any emerging markets.
Daniela Pylypczak writes for ETFdb, which offers a comprehensive and original ETF database and analytical consulting services for advisors and investors, as well as a free newsletter. Learn more about their services by visiting ETFdb.com. Disclosure: the author had no positions in the securities named in this article at the time of writing.