New ProShares ETF helps investors capitalize on global supply chain issues
Apr. 07, 2022 11:26 AM ET ProShares Supply Chain Logistics ETF (SUPL), SEA, UPS, CP CSX, FDX, CHRW By: Jason Capul, SA News Editor 2 Comments
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ProShares has unveiled a new ETF focused on supply chain and logistics, a thematic fund that could provide an investment vehicle for playing the ongoing supply chain tangles that have emerged since the pandemic.
The new fund is called the ProShares Supply Chain Logistics ETF ( SUPL), the latest thematic ETF from the firm. SUPL intends to provide exposure to global logistics and technology companies. As pressure mounts on the global supply chain, SUPL plans to capitalize on stocks that are favored to excel in the transforming environment.
“The pandemic didn’t just highlight the crisis facing the global supply chain, it identified a ripe opportunity to invest in the companies striving to provide real solutions and embrace new technologies that may revolutionize global trade,” said Michael L. Sapir, ProShares founder and CEO. “SUPL may provide investors with exposure to the companies contributing to this long-term transformation.”
SUPL is built up of 40 stocks that are involved in the shipping, railroad, air cargo, trucking, logistics, technology and brokerage companies that support the worldwide supply chain.
ProShares’ latest fund is led by Canadian Pacific Railway (NYSE: CP) weighted at 5.53% but also has key holdings in United Parcel Service (NYSE: UPS), CSX Corporation ( CSX), FedEx ( FDX), and C.H. Robinson Worldwide ( CHRW).
This industrial sector fund also has a 0.58% expense ratio and will defiantly find itself competing alongside the Global Sea to Sky Cargo ETF (NYSEARCA: SEA), which started trading back in January of this year. |
