U.S. Global Investors Launches Airlines JETS ETF on Colombia Securities Exchange
U.S. Global Investors, Inc. (NASDAQ: GROW), a well-known investment advisory firm, has broadened its reach by listing the U.S. Global Jets ETF (NYSE: JETS) on the Colombian Securities Exchange, known as Bolsa de Valores de Colombia (BVC). This strategic decision aims to improve access for Colombian investors and extend the influence of JETS throughout Latin America.
Expanding Market Access
The introduction of JETS on the BVC comes after its initial launch in New York back in 2015, which set the stage for subsequent listings in markets such as Lima, Peru in 2020 and Mexico in 2021. This new listing represents a significant advancement, allowing Colombian investors to engage with the global airlines sector through this diverse ETF.
Potential Benefits for Colombian Investors
Frank Holmes, the CEO and chief investment officer of U.S. Global Investors, shared his excitement about this new opportunity for Colombian investors. He noted that the global airlines industry is projected to serve a record 5 billion passengers this year. Investors in JETS across Latin America are poised to benefit from the expected growth in the tourism sector, which is anticipated to generate $2 trillion in revenue.
Colombia's Tourism Growth
Colombia has positioned itself as a leader in international tourism, boasting a 4% increase in international tourist arrivals from 2019 to 2022, even amid a challenging pandemic. This resilience aligns with the goals of President Gustavo Petro's administration to enhance tourism as a vital economic sector, with a target of attracting 7.5 million non-resident tourists by 2026.
The Importance of Tourism
According to the World Travel and Tourism Council, the travel industry contributed 9% to the global economy last year, marking a remarkable increase of 23.2% from the previous year. The JETS ETF not only encompasses major airlines but also includes critical sectors such as international airports, aircraft manufacturers, and travel booking services, offering a well-rounded investment opportunity.
Selective Stock Inclusion Strategy
U.S. Global Investors utilizes a quantitative, smart beta 2.0 strategy for selecting stocks, which currently features prominent companies from Latin America, such as Brazil’s Embraer, Panama’s Copa Holdings, and Mexico’s Grupo Aeroportuario del Sureste. JETS is rebalanced quarterly to ensure it remains aligned with the four largest American airlines: American Airlines, Delta Airlines, United Airlines, and Southwest Airlines.
Engagement with Investors
To celebrate the launch of JETS, representatives from U.S. Global Investors will ring the bell at the BVC, coinciding with the Congreso Asobolsa event, a key gathering for participants in the regional capital markets. This event is expected to unite leaders from various sectors, including corporate and government representatives, thereby strengthening industry connections.
About U.S. Global Investors
With a legacy spanning over fifty years, U.S. Global Investors began as an investment club and has since transformed into a registered investment adviser. The firm specializes in global niches and is based in San Antonio, Texas. U.S. Global Investors is committed to offering strong money management services through U.S. Global Investors Funds and U.S. Global ETFs.
Frequently Asked Questions
What is the main purpose of the JETS ETF?
The JETS ETF offers investors exposure to the airline industry, which includes airlines, airports, and travel-related companies.
How does the JETS ETF benefit Colombian investors?
Colombian investors can access a global market with estimated revenues of $2 trillion, which may help in hedging against currency fluctuations related to the U.S. dollar.
In which countries is JETS currently listed?
JETS is listed in New York, Lima, Peru, Mexico, and now in Colombia.
What approach does U.S. Global Investors take for stock selection in JETS?
The firm employs a quantitative, smart beta 2.0 strategy that includes regular rebalancing and focuses on major airlines and related sectors.
What future goals does Colombia have for its tourism industry?
Colombia aims to welcome 7.5 million non-resident tourists by 2026, underscoring tourism as a crucial economic driver.
