Tema ETFs Company Profile

Background

Company Overview

Tema ETFs, established in 2022 and headquartered in New York City, is an investment management firm specializing in actively managed thematic exchange-traded funds (ETFs). The company aims to provide investors with innovative solutions that access pressing and durable investment opportunities.

Mission and Vision

Tema's mission is to empower investors through unexplored and innovative solutions, focusing on product quality and integrity. The firm aspires to deliver better outcomes by offering precise, diversified, and risk-managed ETF portfolio building blocks.

Industry Significance

In the rapidly evolving ETF industry, Tema distinguishes itself by offering actively managed thematic ETFs that address specific investment themes not effectively captured by passive indexed approaches. This strategic focus positions Tema as a pioneer in providing unique investment opportunities within the ETF landscape.

Key Strategic Focus

Core Objectives

Tema's primary objective is to deliver long-term growth through actively managed ETFs that provide precise exposure to underpenetrated and innovative investment themes. The firm emphasizes risk management and aims to offer institutional-grade investment strategies to a broader audience.

Areas of Specialization

Tema specializes in thematic ETFs that target specific sectors and trends, including:

American Reshoring (RSHO): Focuses on companies benefiting from the relocation of manufacturing and supply chains back to the United States.

Luxury (LUX): Invests in companies within the global luxury industry, characterized by timelessness, desirability, heritage, and exclusivity.

Monopolies and Oligopolies (TOLL): Targets industries characterized by monopolistic structures, aiming to invest in companies with sustainable competitive advantages and high barriers to entry.

Key Technologies Utilized

While specific proprietary technologies are not publicly disclosed, Tema leverages a combination of fundamental equity analysis and systematic risk management principles in its investment process. This approach ensures dynamic portfolio adjustments in response to changing market environments.

Primary Markets Targeted

Tema's ETFs are designed for investors seeking exposure to specific thematic investment opportunities, including sectors such as industrials, consumer discretionary, and healthcare. The firm's products cater to both institutional and retail investors looking for actively managed strategies within the ETF framework.

Financials and Funding

Funding History

As of the latest available data, specific details regarding Tema's funding history are not publicly disclosed. However, the firm is backed by venture capital firms Index Ventures and Accel Partners, indicating strong financial support from reputable investors.

Assets Under Management (AUM)

As of the first quarter of 2025, Tema ETFs reported a total portfolio value of $335 billion, distributed across 147 stocks. This represents a significant increase from the previous quarter's value of $241 billion.

Revenue

Tema ETFs' annual revenue is estimated to be approximately $917.7K, with an anticipated revenue of $48.3K per employee.

Pipeline Development

Current ETF Offerings

As of July 2025, Tema offers a diverse range of actively managed thematic ETFs, including:

American Reshoring ETF (RSHO): Focuses on companies benefiting from the reshoring trend in the U.S.

Luxury ETF (LUX): Invests in companies within the global luxury industry.

Monopolies and Oligopolies ETF (TOLL): Targets industries with monopolistic structures.

Electrification ETF (VOLT): Focuses on companies positioned to benefit from the electrification megacycle.

Oncology ETF (CANC): Invests in companies operating in the oncology industry.

Obesity & Cardiometabolic ETF (HRTS): Targets companies addressing obesity and cardiometabolic health.

Neuroscience and Mental Health ETF (MNTL): Focuses on companies in the neuroscience and mental health sectors.

S&P 500 Historical Weight ETF Strategy (DSPY): Offers exposure to the S&P 500 with a historical weighting strategy.

Future Product Development

While specific future products are not publicly disclosed, Tema's commitment to innovation suggests ongoing development of new thematic ETFs that align with emerging market trends and investor interests.

Technological Platform and Innovation

Proprietary Technologies

Tema employs a digitized and distribution-enabled ETF issuance solution, facilitating the democratization of access to their strategies. This infrastructure allows for efficient and scalable ETF management.

Scientific Methodologies

The firm's investment process integrates both fundamental equity analysis and systematic risk management principles. This dual approach enables dynamic portfolio adjustments in response to evolving market conditions.

Leadership Team

Executive Profiles

Maurits Pot, Founder & CEO: Prior to founding Tema, Maurits held positions at Goldman Sachs, Vitol, and Kingsway Capital. His experience as a buy-side public markets investor led him to identify the growing demand for active strategies within an ETF framework.

Matt Keeling, COO & CFO: A Chartered Accountant with experience at PwC and SV Health Investors, Matt has a background in fund control and operations within the asset management sector.

Yuri Khodjamirian, CFA, Chief Investment Officer: With over a decade at Majedie Asset Management managing UK and global portfolios, Yuri co-managed the Majedie UK Income Fund, raising several billion in assets. He holds degrees in Economics from the University of Cambridge and LSE, as well as a degree in Bioscience Enterprise from the University of Cambridge.

David K. Song, MD, PhD, CFA, Investment Partner: David has led biotechnology and healthcare investment teams at Rockefeller Capital Management, Millennium, and Balyasny. He holds degrees in Economics and Biochemistry from Yale, is a medical doctor, and has a PhD in Applied Economics from Wharton.

Chris Semenuk, Investment Partner: Chris is a global fund manager with more than 25 years of experience, including managing a $5 billion global equities fund at TIAA. He holds a Bachelor's Degree in Economics from Union College in New York State.

Leadership Changes

As of the latest available information, there have been no significant recent changes or appointments within Tema's leadership team.

Competitor Profile

Market Insights and Dynamics

The ETF industry has experienced substantial growth, with global assets under management reaching approximately $10 trillion. This expansion reflects increasing investor preference for ETFs due to their liquidity, transparency, and cost-effectiveness.

Competitor Analysis

Key competitors in the thematic ETF space include:

WisdomTree Investments: A prominent ETF provider with assets under management of $82 billion as of December 31, 2022.

ARK Invest: Known for its focus on disruptive innovation, ARK offers actively managed ETFs targeting sectors such as technology and healthcare.

Global X ETFs: Offers a range of thematic ETFs covering areas like robotics, fintech, and clean energy.

Strategic Collaborations and Partnerships

Tema is backed by venture capital firms Index Ventures and Accel Partners, providing financial support and strategic guidance. These partnerships enhance Tema's capacity for innovation and growth within the ETF industry.

Operational Insights

Strategic Considerations

Tema's focus on actively managed thematic ETFs differentiates it from competitors that primarily offer passive index-tracking funds. This active management approach allows Tema to dynamically adjust portfolios in response to market changes, potentially offering superior risk-adjusted returns.

Competitive Advantages

Innovation: First-to-market thematic ETFs addressing specific investment themes not effectively captured by passive approaches.

Expertise: Experienced investment professionals with domain expertise in targeted sectors.

Risk Management: Integration of fundamental and systematic risk management principles within the investment process.

Strategic Opportunities and Future Directions

Expansion of Thematic Offerings

Tema is well-positioned to expand its suite of thematic ETFs, capitalizing on emerging market trends and investor demand for specialized investment strategies.

Technological Integration

Continued investment in technological infrastructure can enhance operational efficiency and scalability, supporting the firm's growth objectives.

Market Penetration

By leveraging its innovative product offerings and strategic partnerships, Tema can increase its market share within the actively managed ETF segment.