JETS has gained 9% since it first began trading in late April, compared to the 0.7% decline in the S&P 500.
JETS follows the U.S. Global Jets Index, which uses fundamental screens to select airline companies, with an emphasis on domestic carriers, along with global aircraft manufacturers and airport companies.
Specifically, the ETF holds 81.2% airliners, 6.8% aerospace & defense, 2.8% transportation infrastructure and 1.2% IT Services. Additionally, among the ETF’s top country weights, the U.S. makes up a 80.8% tilt, along with Canada 3.0%, Turkey 1.9%, U.K. 1.8%, China 1.2% and Hong Kong 1.2%.
U.S. Global Jets ETF
Financial advisors who are interested in learning more about the airline industry can register for the Tuesday, December 8 webcast here.