Friday, April 10, 2020 10:57:07 AM
AWAY is the first ETF to provide access to technology-focused global travel and tourism industry. It is a passively-managed portfolio of companies that, via the internet and internet-connected devices, facilitates travel bookings and reservations, ride sharing and hailing, travel price comparison, and travel advice.
To be identified as index constituents, companies must derive majority of their revenue from travel technology business activities, in which those activities are assessed by the index provider from their regulatory filings and other financial reports. The fund uses proprietary weighting methodology that weights securities based on market capitalization and average daily value traded.
The larger and more frequently traded companies will receive a higher score compared to smaller and less traded companies. The three companies receiving the highest score will each receive a weight of 8%, while the next three companies receive 6% weight each and all excess weight is distributed across the remaining securities. The Index is reconstituted and rebalanced during its semi-annual review. AWAY isn’t cheap to hold but may recover some of its fee via its lending revenue.
Recent AWAY News
- Amplify ETFs Declares March Income Distributions for its ETFs • GlobeNewswire Inc. • 03/26/2024 11:00:00 AM
- Amplify ETFs Completes Acquisition to Reach $9.1 Billion AUM Across 31 ETFs • GlobeNewswire Inc. • 01/29/2024 11:45:36 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM