Airlines
Transportation Infrastructure
Internet
Commercial Services
Due to the changing nature of air travel, carriers have adapted their business models to streamline costs. Ancillary fees, which include non-ticket items like priority seating and extra legroom, have increasingly continued to boost airlines’ earnings.
Leisure travel has already returned to and surpassed pre-pandemic levels, while business travel has been slower to recover. That may be set to change, however. Ticketing data firm ForwardKeys now predicts that corporate air travel may overtake leisure as soon as July 2023, with the gap widening into the fall.
In order to purchase one of U.S. Global Investors’ ETF products, you will need to start by opening a brokerage account with a broker-dealer. If you already have a brokerage account, simply contact your broker-dealer and let them know the ticker symbol of the ETF you are interested in. You can also make a purchase online through your broker’s website. Simply find the area labeled for trading stocks and ETFs and enter the ticker symbol of your choice.
Unlike mutual funds, exchange traded funds can trade throughout the day just like a stock. Because you buy and sell shares of an ETF on an exchange, price is determined by supply and demand throughout the day, not just at the end of the trading day.
U.S. Global Investors’ ETF products are available through various channels including broker-dealers, investment advisers, and other financial services firms, including:
Robinhood
Fidelity
E*Trade
Vanguard
Charles Schwab
The International Air Transport Association (IATA) significantly upgraded its profitability projections for airlines in 2024. The trade group now expects net profits to reach $30.5 billion, an increase from $27.4 billion in 2023. This surge in profitability is accompanied by record-high traveler numbers and revenues.
Provides Access to the Global Airline Industry, Including Airlines and Manufacturers.
| Fund Details | ||
|---|---|---|
| Ticker | JETS | |
| CUSIP | 26922A842 | |
| Gross Expense Ratio | 0.60% | |
| Net Expense Ratio* | 0.60% | |
| Inception Date | 04/28/2015 | |
| Number of Holdings | 50 | |
| Stock Exchange | NYSE Arca | |
The top 4 American airlines based on a combined ranking of market capitalization, average dollar value traded and passenger load factor each receive a 10% weighting.
8 U.S. or Canadian airlines based on a combined ranking of marketing capitalization, average dollar value traded and passenger load factor each receive a 3% weighting.
8 U.S. or Canadian companies, including non-airlines, based on a fundamental factor ranking each receive a weight of 2%.
The top 10 international companies, excluding the U.S., based on a fundamental factor ranking each receive a weight of 1%.
20 international companies, excluding the U.S., based on a fundamental factor ranking each receive a weight of 0.5%.
*Eligibility for index inclusion changes are based on the AUM of the fund licensing the index. See prospectus for further information.
The index is rebalanced and reconstituted quarterly in March, June, September and December.
We look forward to discussing the potential benefits of the U.S. Global JETS ETF (JETS).