Designed to provide broad exposure to the Industrials - Transportation/Shipping segment of the equity market, the U.S. Global Jets ETF (JETS) is a passively managed exchange traded fund launched on 04/30/2015.
JETS: As 'Revenge Travel' Fades, This ETF's Prospects Do Too
U.S. Global Jets ETF is a hold due to profitability challenges facing airlines, high expense ratio, and lack of dividend yield. JETS is concentrated on airline-specific holdings, with top four U.S. airlines dominating the fund. Despite increasing air travel demand, airlines struggle with profitability due to rising fuel and labor costs, union actions, and accidents.
Thanks to lower gas prices and reduced airfares, as well as continued desire for experiences, we are likely to see a busy summer travel season this year.