U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a
registered investment advisory firm with longstanding experience in
global markets and specialized sectors, today is excited to
announce that its Europe-domiciled airlines ETF, the U.S. Global
Jets UCITS ETF, has merged into the Travel UCITS ETF (TRIP),
effective April 19, 2024.
The Company acquired TRIP—which is also listed as TRYP in
certain European markets—from HANetf, Europe’s first and only
independent, full-service provider of UCITS ETFs. TRIP is not to be
confused with U.S. online booking company TripAdvisor, which also
trades under the ticker TRIP on the Nasdaq.
“We are very excited about this merger, and we believe TRIP will
complement our suite of dynamic, smart beta 2.0 ETFs,” says Frank
Holmes, the Company’s CEO and Chief Investment Officer.
The Company manages the U.S. Global Jets ETF (NYSE: JETS), a
U.S.-based ETF that invests in commercial airlines, airport
services companies, aircraft manufacturers and online booking
companies. In 2021, in partnership with HANetf, the Company
launched the U.S. Global Jets UCITS ETF as Europe’s first and only
global airlines industry ETF. The JETS portfolio utilizes smart
beta 2.0 fundamentals, meaning it combines passive investing and a
more factor-based, quantamental approach.
TRIP, by comparison, seeks to track the Solactive Travel Index,
which tracks publicly-listed companies involved in the travel
business, including airlines, hotels, travel agencies and cruise
lines.
Mr. Holmes believes cruise lines are an interesting addition to
the global travel investment theme, which is why he championed the
merger of the two UCITS products:
“Like commercial aviation, the cruise industry was one of the
hardest hit during the pandemic, but in the months since, it’s seen
a strong resurgence in demand,” Mr. Holmes says. “Cruise passenger
volumes increased nearly 7% globally from 2019 to 2023, according
to the Cruise Lines International Association (CLIA), with North
America delivering the strongest growth at 17.5%.”
Greater demand for leisure travel has resulted in higher
revenues for cruise lines. In 2023, the “Big Three” names—Carnival,
Royal Caribbean and Norwegian—posted combined trailing 12-month net
sales of around $44 billion, up from $38.2 billion in pre-pandemic
2019.
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 investment advisory services
to U.S. Global Investors Funds and U.S. Global ETFs.
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# # #
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.
This news release may include certain “forward-looking
statements” including statements relating to revenues, expenses,
and expectations regarding market conditions. These statements
involve certain risks and uncertainties. There can be no assurance
that such statements will prove accurate and actual results and
future events could differ materially from those anticipated in
such statements.
The Company’s U.S.-based ETFs are distributed by Quasar
Distributors, LLC. U.S. Global Investors, Inc. is the investment
adviser to JETS. The Travel ETF is not available to U.S.
investors.
Smart beta 2.0 is a blend of active and passive investing,
following an index but also considering alternative factors. Smart
beta ETFs rely less on market-cap weightings to avoid one stock
overly influencing an ETF’s value. The Solactive Travel
index tracks companies from around the world that are active
in the travel and tourism sector.
All opinions expressed and data provided are subject to change
without notice. Opinions are not guaranteed and should not be
considered investment advice.
No assurance can be given that investments will be made into the
companies discussed or that similar investments will be made.
- Sales at Big Three Cruise Lines Have Exceeded Pre-Pandemic
Years
Holly Schoenfeldt
U.S. Global Investors, Inc.
210.308.1222
hschoenfeldt@usfunds.com
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