Speaking to Benzinga’s Jayson Derrick, Frank Holmes says that the U.S. Global Jets ETF (JETS) gives investors exposure not only to domestic airlines but international airlines as well. As such, it also helps investors gain exposure to global middle class growth, which can push up worldwide air travel demand.
Since its launch on April 30, 2015, according to Frank, JETS has returned 9 percent as of December 8. The S&P 500 Index, by contrast, has fallen 0.7 percent in the same time period. Airlines, Frank says, are well-positioned to continue their stock buyback programs and dividend growth.
Article summary written by U.S. Global Investors.