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Shoring up supply chains

The Covid pandemic and other global disruptions have highlighted the need for resilient supply chains as opposed to only cost-efficient ones. Supply chain diversification—onshoring, near-shoring, and friend-shoring—is the new manufacturing mantra, with de-risking from China high on the priority list. Beijing now accounts for 18% of total US imported goods, down from 23% in 2018. Meanwhile, imports have shifted to other Asian nations, India, and Mexico over that time, according to Morgan Stanley Research.1 As companies move factories, new winners and losers will emerge, impacting global economies, trade routes, payments, and more.

Sources:

1. Untangling Supply Chain Linkages

These funds invest in regions that could benefit from ongoing shifts in global supply chains.
 Expense ratios shown in the table below are gross.

 

ETFs

Data as of ET
Fund Name / Symbol
Overall Morningstar
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Category
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Today's %
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Expense
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Data quoted represents past performance. Past performance is not an indication of future results and investment returns and share prices will fluctuate on a daily basis. Your investment may be worth more or less than your original cost when you redeem your shares. Current performance may be lower or higher than the performance data quoted. For most recent month-end performance and current performance metrics, please click on the fund name.

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