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First Trust RBA American Industrial RenaissanceTM ETF focuses on small industrial companies whose sales are at least 75% in the U.S. It also invests about 10% of assets in community banks.
Compared to a small cap industrial benchmark, the AIRR ETF is more concentrated in construction, engineering and electrical equipment.
The AIRR strategy and track record are attractive for investors seeking a fund focused on the traditional domestic economy.
Nonetheless, it can't avoid the geopolitical risks related to supply chains.