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New Airline ETF Takes Flight, JETS Owns Domestic & Foreign Flyers

5/01/15 2:33 PM EDT
Airline investors are finally getting a dedicated exchange traded fund with the release of the U.S. Global Jets ETF (JETS), said Frank Holmes, CEO of U.S. Global Investors. The JETS ETF has an 80% allocation to domestic names including market-leaders Southwest, Delta, United and American. JETS has a 20% allocation to international names like Japan Airlines and Air Canada. Holmes added that the U.S. airline industry alone is expected to see a pretax profit of $3.5 billion in the first quarter versus $700 million a year ago. Furthermore, he points out that the airline industry has experienced a rise of 287% over the past three years ending Q1 2015, making it the best performing industry within the industrials sector.
Stocks in this video: JETSAALLUVUALDAL
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