Strategy
E-Commerce
Global e-commerce leaders
By Grow
E-commerce continues to take share of global retail, led by platforms spanning the U.S., China, and emerging markets. On a set weekly cadence, the portfolio rebalances when any holding drifts more than 5% from its target weight.
Allocation
Thematic
Amazon14%
Shopify14%
PDD Holdings14%
Coupang14%
MercadoLibre14%
JD.com14%
Alibaba14%
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