The resurging cases brought on by the delta variant have frightened investors as they fear that implementation of a possible new lockdown may hurt the global economic recovery achieved thus far, reports Zacks.
However, considering the current market development with the FDA granting the first full U.S. government approval to the Pfizer (PFE) vaccine, investors’ confidence has been restored, for now. With the FDA’s full approval of the Pfizer vaccine, according to CNBC, three in 10 unvaccinated adults are now more likely to get the jab.
Against this backdrop, the article examines various ETFs that appear well-poised to gain based on the news. Towards the top of their list is the U.S. Global Jets ETF (JETS).
The U.S. Global Jets ETF provides investors access to the global airline industry, including airline operators and manufacturers from across the world. Although this industry has seen some ups and downs over the past two years, the airline industry overall has been gradually recovering to pre-pandemic levels.
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The outbreak of the COVID-19 pandemic and the resulting actions to control or slow the spread has had a significant detrimental effect on the global and domestic economies, financial markets, and industries, including airlines. U.S. Global Investors continues to monitor the impact of COVID-19, but it is too early to determine the full impact this virus may have on commercial aviation. Should this emerging macro-economic risk continue for an extended period, there could be an adverse material financial impact to the U.S. Global Jets ETF.