Yuri Khodjamirian of Tema ETFs - Strategic Active ETFs and Strategies to Watch

Today, Rusty and Robyn are joined by  Yuri Khodjamirian, Chief Investment Officer of Tema ETFs. Yuri spent over a decade at Majedie Asset Management managing UK and Global portfolios. As co-manager of the Majedie UK Income Fund, he helped build the fund from start-up stage, raising several billion in assets. He later set up his own long-only fund and sits on the board of a private Scandinavian biotechnology company. He holds degrees in Economics from University of Cambridge and LSE (distinction), as well as a degree in Bioscience Enterprise from University of Cambridge. Yuri is a CFA charter holder.Key Takeaways[03:31] - Yuri’s professional background, career highlights and what brought him to Tema.[05:06] -  More on Tema ETFs and what makes them stand out from their peers.[06:10] -  Learn more about Tema’s investment process and philosophy.[07:24] -  How does Yuri think up the ideas behind the funds they launch? What is his process?[08:37] -  What is the trend of “American reshoring” and how does Tema select companies for this theme?[10:38] -  What makes Tema think that reshoring in the US is a durable trend?[13:32] -  How does Tema approach the healthcare sector differently from other sectors?[15:47] -  What should we be paying attention to in relation to the anti-obesity market within healthcare?[17:42] -  How is Tema doing “Moat Investing” differently than other firms?[19:48] -  One of Tema’s tickers is “TOLL.” What are some examples of some of the companies they would include, or would not include, in TOLL?[21:42] -  What do alternative investments mean for Yuri and what are his current thoughts on the space?[24:27] -  What is Yuri’s favorite investment idea currently?Quotes[06:12] - “My key criteria for joining [Tema ETFs] was sort of - are we going to be really thoughtful about the types of strategies we launch?...What I was kind of encouraging was to build a very thoughtful process that was investment first. What are the most interesting [areas], what I call neighborhoods, of the stock market? ” ~ Yuri Khodjamirian[08:45] - “The thesis [of American reshoring] is kind of the opposite of what was happening in the world many decades ago. So, if you think about the 1960s and from that point on - really a lot of companies, especially in the United States, started to send manufacturing abroad. They were motivated by labor costs [among] other things…and companies were offshoring…but what’s happened over I would say the last 15 years…is that companies are starting to realize that these supply chains are quite vulnerable…and suddenly the board room calculations [are considering] ‘shouldn’t I be building [supply chains] closer to the home market to gain an advantage?’” ~ Yuri KhodjamirianLinksYuri Khodjamirian on LinkedInTema ETFs on LinkedInTema ETFs“Why Can’t We Be Friends?” by WarThe Browser NewsletterIn Our Time PodcastConnect with UsMeet Rusty Vanneman, Orion’s Chief Investment OfficerCheck Out All of Orion’s PodcastsPower Your Growth with OrionDisclosure(s) - Orion Portfolio Solutions, LLC, an Orion Company, is a registered investment advisor.Compliance Code: 2482-OPS-9/26/2024