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Airlines an ‘easy bet’ to make: Capitalist Hedge Fund Manager

from Fox Business TV

Jonathan Hoeing, hedge fund manager at Capitalistpig, appeared on Fox Business News on September 1, 2020. While on the program, Hoeing highlighted the U.S. Global Jets ETF (JETS) as one of the top performing ETFs in the month of August. JETS was up 14.91 percent for the month – boosted by optimism that travel is recovering and a coronavirus vaccine is near complete.

Hoeing says airlines are an “easy bet” should the economy rebound sooner rather than later and if the Trump administration gives further aid to keep carriers afloat. To watch the full Fox Business clip, visit foxbusiness.com.

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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. The expense ratio is 0.60%.

U.S. Global Investors has authored and is responsible for the summary on this page. All opinions expressed and data provided are subject to change without notice. Opinions are not guaranteed and should not be considered investment advice. The outbreak of the COVID-19 pandemic and the resulting actions to control or slow the spread has had a significant detrimental effect on the global and domestic economies, financial markets and industries, including airlines. U.S. Global Investors continues to monitor the impact of COVID-19, but it is too early to determine the full impact this virus may have on commercial aviation. Should this emerging macro-economic risk continue for an extended period, there could be an adverse material financial impact to the U.S. Global Jets ETF