HanETF aims to onboard investors to airlines ETF

HANetf said it will list Europe’s first global airlines ETF that will offer investors exposure to the presumed recovery in the hard-hit sector.

The US Global Jets Ucits ETF will track companies within the commercial airline, aircraft manufacturing, and airport & terminal services industries. 

Hanetf will list the fund on the London Stock Exchange later this month and sell it throughout Europe.

The product is managed by Texas-based US Global Investors, which manages an airlines ETF in the US.

HANetf says pre-Covid, the airline industry was booming as carriers streamlined operations, improved their balance sheets, and managed to grow profits by introducing more non-ticket fees. As the global economy re-opens, “investors are now presented with a unique opportunity to access the recovery story”, the firm added.

Frank Holmes, US Global Investors CEO and CIO, said: “Here in the US, leisure travel is steadily recovering as the total number of vaccines administered approaches 300 million.

“The EU, on the other hand, has administered roughly 200 million vaccines as of May 17, while daily new infections are dropping but remain elevated compared to the US. Therefore, we still believe there is great upside potential in terms of European commercial flight demand, especially now that EU officials have agreed that member states should start allowing fully vaccinated foreigners to visit.”

© 2021 funds europe

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