Vince Martin, an InvestorPlace contributor, recommended the U.S. Global Jets ETF (JETS) for the “InvestorPlace 10 Best ETFs for 2020” contest. Martin emphasized how JETS can provide investors diversification benefits by having a nearly quarter of the fund invested in international stocks – rather than simply investing in the largest U.S. airlines.
Martin is bullish on the airline industry as a whole and thinks it is undervalued: “The airline industry simply looks healthy at the moment, but its stocks are not valued as such.”
Martin then makes his case on why he chose JETS as his top pick: “If the economy continues to grow, airline earnings will do the same, and at some point investor confidence toward the group should pick up. The potential combination of higher earnings and higher multiples makes JETS one of the best ETFs to own in 2020.”
The JETS ETF finished 2019 strong, up 14.10 percent, and placed eighth in the InvestorPlace contest.
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