Ahead of the July 4 market holiday, ETF Daily News highlights a report from AAA.com which discusses how the upcoming travel season could have an impact on travel ETFs, including the U.S. Global Jets ETF (JETS). The article reads, “44.2 million travelers are expected to travel this Independence Day, a 2.9 percent increase over 2016.” The JETS ETF which invests in global airline-related stocks, “is benefitting from strong travel demand as well as lower fuel prices this time of year compared to say, one year ago,” the article continues. In fact, the top holdings in the U.S. Global Jets Index are the big four domestic carriers – Delta Air Lines, Southwest Airlines, American Airlines and United Continental.
Learn more in the full article, “U.S. Global Jets ETF (JETS) In Focus Ahead of Record Setting Holiday Travel,” on ETFDailyNews.com.
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