Aztlan North America Nearshoring Stock Selection ETF (NRSH) is an exchange-traded fund that provides investors with targeted exposure to publicly traded companies benefiting from nearshoring trends in North America, focusing on sectors such as manufacturing, logistics, and technology services that leverage proximity to the United States for supply chain efficiency. The ETF employs a proprietary stock selection methodology emphasizing firms with significant operations in Mexico and Canada, including those involved in automotive production, electronics assembly, and industrial automation; it tracks a rules-based index that screens for revenue growth tied to nearshoring activities, low geopolitical risk, and strong balance sheets. NRSH offers daily liquidity on major U.S. exchanges, with a competitive expense ratio designed for long-term holders seeking diversification in reshoring and friendshoring themes.
Launched in 2024 and domiciled in the United States with administrative operations managed from New York, the ETF operates primarily in the North American equity markets, targeting institutional and retail investors interested in Mexico-U.S. trade dynamics under the USMCA framework. Its portfolio includes leading nearshoring beneficiaries across consumer discretionary, industrials, and information technology segments, with geographic emphasis on companies deriving at least 30% of revenues from Mexican manufacturing hubs like Monterrey and Tijuana. As a standalone product issued by Aztlan Capital Management LLC, NRSH has no direct subsidiaries but aligns with the firm's broader suite of thematic ETFs focused on emerging trade corridors.
In recent developments, NRSH expanded its index methodology in Q3 2025 to incorporate AI-driven analytics for enhanced stock selection, improving predictive accuracy for nearshoring capacity expansions amid escalating U.S.-China trade tensions. The ETF secured a strategic seed investment from a major institutional partner in October 2025, boosting assets under management above $150 million and enabling a new share class launch for European investors. Additionally, Aztlan Capital announced a distribution partnership with leading broker-dealers in November 2025, enhancing retail accessibility and supporting a 25% year-over-year growth in investor inflows.