After news reports from the U.S. chief medical advisor, Dr. Anthony Fauci, and other U.S. health officials revealed that there didn’t appear to be a “great deal of severity” to the Omicron variant, travel stocks and sector-related exchange traded funds rose on Monday, December 6.
In effect, in the week ending December 10, travel stocks were among the best performers among S&P 500 components. For example, United Airlines (UAL) was 8.24% higher!
This is constructive news for U.S. markets that have been experiencing wild oscillations as the spread of the Omicron variant fueled fears of a resurgence in COVID-19 cases and, possibly, another global lockdown. However, concerns were further eased when South African health officials reported findings that the latest strain of coronavirus caused only mild infections.
One way for investors to gain exposure to travel ETFs, specifically airlines, is with the U.S. Global Jets (JETS) ETF. The full article appears on ETFtrends.com, and to learn more about the JETS ETF and to see its full holdings, click the button below.
Past performance does not guarantee future results. Please click here for standardized performance.
Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the article were held by one or more accounts managed by U.S. Global Investors as of (09/30/2021): United Airlines Holdings Inc (UAL) 10.14%
U.S. Global Investors has authored and is responsible for the summary on this page. All opinions expressed and data provided are subject to change without notice. Opinions are not guaranteed and should not be considered investment advice.
The outbreak of the COVID-19 pandemic and its variants 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.