The "US industrial renaissance" will be the top investment theme of the coming decade, Richard Bernstein Advisors said.
The trend of American companies shifting away from dependence on foreign labor and supply chains should dominate investment strategies in the coming decades the firm said.
"The market is already rewarding the beneficiaries of this capital reallocation, but we expect years, if not decades, of further performance from this critical investment theme," RBA president Richard Bernstein said in a note this week.
For the US, that means big investment in infrastructure on manufacturing will be needed in the coming years as the world reorients.
"The market has already recognized the re-industrialization investment theme despite investors' myopia with respect to more exciting technology-related themes, like artificial intelligence.
Persons:
Richard Bernstein, Overreliance, Bernstein, —
Organizations:
Richard Bernstein Advisors, Service, Republicans
Locations:
America