ProShares Launches SUPL, the First Supply Chain Logistics ETF
Apr 07, 2022
ProShares Launches SUPL, the First Supply Chain Logistics ETF
SUPL provides end-to-end exposure to companies that move global trade forward.
BETHESDA, Md.—ProShares, a premier provider of ETFs, today launched a Supply Chain Logistics ETF (SUPL) designed to give investors access to companies involved in each point of the process that moves raw materials and goods around the world.
"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."
Tracking the FactSet Supply Chain Logistics Index, SUPL offers exposure to 40 shipping, railroad, air cargo, trucking, technology and brokerage companies that underpin the global supply chain. These companies represent established logistics leaders that have not only weathered the pressures of the pandemic but also are potentially poised to benefit from the rise of e-commerce, the regionalization of manufacturing, and the digitization of distribution and delivery networks.
SUPL joins the ProShares thematic funds lineup, complementing a group of funds that feature the application of technology and innovation to industrial processes, including the S&P Kensho Smart Factories ETF (MAKX), Nanotechnology ETF (TINY), S&P Kensho Cleantech ETF (CTEX) and Smart Materials ETF (TINT). In addition, ProShares launched the first bitcoin-linked ETF BITO, the Bitcoin Strategy ETF, in 2021, building on the firm’s long history of product innovation.
About ProShares
ProShares has been at the forefront of the ETF revolution since 2006. ProShares now offers one of the largest lineups of ETFs, with nearly $70 billion in assets. The company is a leader in strategies such as dividend growth, interest rate hedged bond, thematics and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.