U.S. Global Investors Announces Its Airlines ETF, the U.S. Global Jets ETF (JETS), Now Trading on Wells Fargo Advisors’ Mul...
August 06 2020 - 12:38PM
U.S. Global Investors, Inc. (Nasdaq: GROW) (“the Company”), a
boutique registered investment advisory firm that focuses on niche
markets around the world, is pleased to announce that its airlines
ETF, the U.S. Global Jets ETF (JETS), was approved to trade on
Wells Fargo Advisors’ multiple trading platforms. The inclusion
became effective Tuesday, August 4, making JETS available to even
more investors. As of June 30, Wells Fargo’s advisory assets stood
at $569 billion, client assets at $1.6 trillion, and there were a
reported 13,298 financial advisors. Wheels up at Wells Fargo!
This is the second time in as many weeks that JETS has been
approved to trade on a large brokerage platform, the other being
Citi Personal Wealth Management, which occurred on July 20.
“JETS continues to be the premiere destination for investors
seeking to gain exposure to the global commercial aviation
industry, which includes not just airlines but also aircraft
manufacturers and airport services companies,” commented Frank
Holmes, the Company’s CEO and chief investment officer. “The global
race to develop a reliable coronavirus vaccine is accelerating, and
in the meantime, people are cautiously returning to the skies. The
number of commercial air passengers on U.S. carriers rose to a
post-pandemic high of just under 800,000 on August 2, according to
the Transportation Security Administration (TSA). That’s a ninefold
increase in passenger volume from the low set on April 14, when
screenings totaled only 87,500. A year earlier, the number stood at
2.7 million passengers per day, so there’s still a lot of upside
potential.
“It’s important to keep in mind that it’s in carriers’ best
interest to maintain a clean, safe environment for travelers,
especially now during the global pandemic,” Mr. Holmes continues.
“According to travel advisory firm CarTrawler, each of the 25
leading carriers around the world has implemented some combination
of measures intended to boost passengers’ confidence in the
commercial flying experience. These measures include, but are not
limited to, requiring face masks, taking temperatures and keeping
the middle seat empty. I recently flew for business for the first
time since February, on a nonstop Delta flight between San Antonio
and Salt Lake City. The experience was excellent, and the jet was
spotless. Before every flight, the cabin is fogged with
disinfectant before a cleaning crew comes in to spray and wipe
every surface.
“I believe the more aware passengers become of these
precautions, the more willing they’ll be to fly, and ultimately
this could be constructive for JETS,” Mr. Holmes says.
To learn more about the U.S. Global Jets ETF, click here.
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About U.S. Global Investors, Inc.
The story of U.S. Global Investors goes back more than 50 years
when it began as an investment club. Today, U.S. Global Investors,
Inc. (www.usfunds.com) is a registered investment adviser that
focuses on niche markets around the world. Headquartered in San
Antonio, Texas, the Company provides money management and other
services to U.S. Global Investors Funds and U.S. Global ETFs.
Forward-Looking Statements and Disclosure
Please consider carefully a fund’s investment objectives, risks,
charges and expenses. For this and other important information,
obtain a statutory and summary prospectus by visiting
www.usglobaletfs.com. Read it carefully before investing.
Investing involves risk, including the possible loss of
principal. Shares of any ETF are bought and sold at market price
(not NAV), may trade at a discount or premium to NAV and are not
individually redeemed from the fund. Brokerage commissions will
reduce returns. Because the fund concentrates its investments in
specific industries, the fund may be subject to greater risks and
fluctuations than a portfolio representing a broader range of
industries. The fund is non-diversified, meaning it may concentrate
more of its assets in a smaller number of issuers than a
diversified fund. The fund invests in foreign securities which
involve greater volatility and political, economic and currency
risks and differences in accounting methods. These risks are
greater for investments in emerging markets. The fund may invest in
the securities of smaller-capitalization companies, which may be
more volatile than funds that invest in larger, more established
companies. The performance of the fund may diverge from that of the
index. Because the fund may employ a representative sampling
strategy and may also invest in securities that are not included in
the index, the fund may experience tracking error to a greater
extent than a fund that seeks to replicate an index. The fund is
not actively managed and may be affected by a general decline in
market segments related to the index. Airline companies may be
adversely affected by a downturn in economic conditions that can
result in decreased demand for air travel and may also be
significantly affected by changes in fuel prices, labor relations
and insurance costs.
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.
Distributed by Quasar Distributors, LLC. U.S. Global Investors
is the investment adviser to JETS.
All opinions expressed and data provided are subject to change
without notice. Opinions are not guaranteed and should not be
considered investment advice.
Holly Schoenfeldt
U.S. Global Investors, Inc.
210.308.1268
hschoenfeldt@usfunds.com
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