NEW YORK--(BUSINESS WIRE)--Today, BlackRock expanded its thematic equity suite with the launch of the iShares U.S. Manufacturing ETF (NYSE: MADE). The Fund takes a targeted approach to investing in companies that may be at the forefront of the U.S. manufacturing renaissance, seeking to capture opportunities arising from various drivers, including recent policy initiatives that incentivize reshoring manufacturing activities.
“Evolving trade relations and a call for enhancing supply chain resiliency have paved the way for the concerted effort across the public and private sectors to reestablish the U.S. as a leader in manufacturing,” said Jay Jacobs, U.S. Head of Thematic and Active ETFs at BlackRock. “MADE is designed to capture these long-term themes by providing targeted access to companies that could be poised to benefit from supportive policies and secular trends, enabling investors to potentially capture the renaissance in American manufacturing in the convenience of an ETF.”
Fund Name |
Ticker |
Underlying Index |
Expense
|
iShares U.S. Manufacturing ETF |
NYSE: MADE |
S&P U.S. Manufacturing Select Index |
0.40% |
Policy efforts to increase domestic production have accelerated the growth story for U.S. manufacturers. For example, recent policies, such as the Infrastructure Investment and Jobs Act, the Inflation Reduction Act, and the Chips and Science Act, have already allocated $2.1 trillion to improve infrastructure and incentivize companies in critical industries, like semiconductors, to build factories in the U.S..1
In addition to policy efforts, the rewiring of global supply chains for resilience could bolster continued growth among U.S. manufacturers. Since 2020, construction spending on U.S. manufacturing has nearly tripled from $78 billion to $234 billion as of May 2024,2 demonstrating an accelerating effort to reestablish the U.S.’s production of goods from automobiles and chips to aerospace & defense equipment.
MADE is designed to invest in companies that could benefit from boost in manufacturing regardless of traditional sector classifications, encompassing companies directly involved in manufacturing across consumer cyclicals, technology, automotive, defense, and construction. MADE can be added to a portfolio either as differentiated exposure for traditional sectors like Industrials, or as a satellite exposure alongside other long term structural themes for portfolio diversification.
About iShares
iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1400+ exchange traded funds (ETFs) and $3.86 trillion in assets under management as of June 30, 2024, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.
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1 Deloitte, October 2022.
2 Federal Reserve Economic Data, Jan 2020 – May 2024, as of May 2024.
