According to ETF Trends, transportation stocks were expected to benefit from lower oil prices this year, but so far many in this industry group, “including railroads, have lagged broader equity benchmarks.” However, that could all change in the second half of the year, says ETF Trends. There is one industry subset that has already seen the benefits of fuel prices – airlines. In fact, the U.S. Global Jets ETF (NYSE: JETS), the lone ETF dedicated to airline stocks, was higher about 17 percent year-to-date, as of July 11.
In addition to low oil prices, which are airlines largest input cost, ETF Trends writes that “the improving U.S. economy could encourage more business and leisure travel and airlines are generating impressive amounts of cash.” To read the full article, “Transportation ETFs are Delivering, Especially Airline ETF,” go to ETFTrends.com.
Past performance does not guarantee future results.
Please click here for standardized performance.
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 call 844. ETF.JETS (844.383.5387) or visit www.usglobaletfs.com.
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.
ETF Trends publisher Tom Lydon is on the board of U.S. Global Investors.