Have you heard of the U.S. Global Jets ETF (NYSE: JETS)? In this brief animated video, Bloomberg News recaps what makes up JETS and why investors might be interested in exploring it further. As you will see in this clip, JETS tracks a smart-beta index composed of domestic and international stocks across the airline industry – from passenger carriers to manufacturers.
JETS was first launched in April 2015 and recently celebrated its third year on the market. Currently, it is the only global airline ETF available to investors. For the full story, watch the Bloomberg video below!
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The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month-end please visit www.usglobaletfs.com.
All opinions expressed and data provided are subject to change without notice. Opinions are not guaranteed and should not be considered investment advice.
Bloomberg is in no way affiliated with U.S. Global Investors or the JETS ETF. U.S. Global Investors has authored and is responsible for the summary on this page.
Smart beta refers to investment strategies that emphasize the use of alternative weighting schemes to traditional market capitalization based indices.
The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies. It is not possible to invest directly in an index.
As of quarter end 06/30/2018, the S&P 500 Index has performed as follows for the one, three, five and since inception (03/04/1957) time periods: 14.37%, 11.93%, 13.42% and 13.63%.
A basis point, or bp, is a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01% (0.0001).