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Last Post: 3/16/2017 1:06:04 PM - Followers: 4 - Board type: Free - Posts Today: 0

U.S. Global Investors launched a brand new exchange traded fund (ETF) on Thursday called the U.S. Global Jets ETF (NYSE: JETS). The new ETF is currently the only airline ETF and provides investors a new, easy pure-play option on the rejuvenated industry.

Benzinga had a chance to speak with Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors, about the new ETF.

The JETS ETF is comprised of four tiers of airline stocks.

The top tier will make up nearly half of the ETF’s portfolio and will consist of an equal weighting of the top four domestic U.S. airline stocks based on market cap and load factor. For the foreseeable future, this tier of holdings will likely consist of Delta Air Lines, Inc. (NYSE: DAL), United Continental Holdings Inc (NYSE: UAL), American Airlines Group (NASDAQ: AAL) and Southwest Airlines Co (NYSE: LUV).

The second tier of holdings will consist of 4 percent stakes in the next five largest U.S. domestic airlines. Tier three will include 3 percent allocations to the four highest-ranked remaining U.S. airline companies based on cash flow, sales growth, gross margin and sales yield.

The bottom tier will consist of 1 percent stakes in the top 20 international airline industry companies based on similar metrics used for tier three.

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#24   JETS DAILY TREND1 03/16/17 01:06:04 PM
#23   +1.30 since the first of the month deniseann 09/07/16 11:20:15 AM
#22   Jets popped 80 cents after opening today, about deniseann 09/07/16 11:17:43 AM
#21   Wasn't sure what this etf would really do..?There's deniseann 04/28/16 10:35:20 AM
#20   Very slow moving etf deniseann 12/28/15 03:45:10 PM
#19   Nice early morning gap... deniseann 07/13/15 02:02:16 PM
#18   Official web page... deniseann 07/06/15 05:09:53 PM
#17   JETS Holdings deniseann 07/06/15 05:08:52 PM
#16   Dah..! I had the JETS from the NGI...? index deniseann 07/06/15 05:00:27 PM
#15   There hasn't been any info at all o deniseann 07/06/15 04:44:31 PM
#14   Jets up $0.48 today... deniseann 05/08/15 03:12:25 PM
#13   4 recent posts and you can become a moderator. TREND1 05/04/15 01:05:46 PM
#12   Thanks... What I was referring to though, was deniseann 05/04/15 01:03:02 PM
#10   Now I see the post works... At first, deniseann 05/04/15 12:44:54 PM
#9   $JETS Interesting ETF... deniseann 05/04/15 12:36:32 PM
#7   JETS D TREND1 05/01/15 04:36:12 PM
#6   Hey trend, you got the first 5 posts. slacker01 04/30/15 07:24:21 PM
#5   JETS DAILY TREND1 04/25/15 06:30:56 PM
#4   Airline stocks: AAL, UAL, DAL, RYAAY, OTCPK:CPCAY, OTCPK:SINGY, TREND1 04/25/15 06:28:25 PM
#3   Global airline ETF set to launch • 5:53 TREND1 04/25/15 06:26:24 PM
#2   JETS TO START 4/30/2015 TREND1 04/25/15 06:22:18 PM
#1   "NEW YORK (MarketWatch) -- Southwest LUV, performed best TREND1 01/10/15 12:49:09 AM