The International Air Transport Association (IATA) anticipates that, in 2018, worldwide air passenger numbers will grow to 4.3 billion as a result of global economic growth and improved security. Additionally, ecommerce has benefited air freight demand, according to Zacks, despite tensions surrounding a trade war being high.
The U.S. Global Jets ETF (JETS) provides investors with exposure to the global airline industry, including airline operators and manufacturers.
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The Zacks ETF Rank provides a recommendation for the ETF in the context of the outlook for the underlying industry, sector, style box, or asset class. This proprietary quantitative model takes into account a number of fundamental and technical factors about the ETF and the Zacks forecast for the underlying industry or asset class.
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