U.S. Global Jets ETF (JETS), the Only Airlines-Focused ETF, Now Trading at Morgan Stanley
August 18 2020 - 12:11PM
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
multiple platforms at Morgan Stanley. These include Portfolio
Management (PM), its largest trading platform, used by many top
producers; Consulting Group Advisor (CGA), its institutional
platform, used mostly by pension funds, retirement plans and
endowments; and Brokerage at Morgan Stanley.
The inclusion became effective Monday, August 17, making JETS
available to even more investors. As of the first quarter of 2020,
Morgan Stanley’s wealth management platform had over $2.4 trillion
in assets under management (AUM), supported by 15,000 financial
advisors. This is the third time in two months that JETS has been
approved to trade on a large brokerage platform, the other two
being Citi Personal Wealth Management and Wells Fargo.
“We continue to see a steady recovery in commercial air travel,
which I believe is bullish for airline stocks over the long term,”
says Frank Holmes, Company CEO and chief investment officer. “The
number of people who boarded commercial airlines in the U.S.
climbed to a post-pandemic high of approximately 863,000 on Sunday,
August 16, according to data provided by the Transportation
Security Administration (TSA). That’s the most since mid-March, and
it represents a nearly tenfold increase from the low of 87,500 on
April 14.
“We’re very pleased that JETS continues to attract investors who
may be betting that an effective COVID-19 vaccine can be developed
and distributed sooner rather than later,” Mr. Holmes says. “JETS
remains the only ETF on the market that provides investors access
to the global airline industry, including airline operators and
manufacturers, and we’re grateful that Morgan Stanley has chosen to
include it on its trading platforms.”
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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