U.S. Global Jets ETF (JETS), the Only Airlines-Focused ETF, Now Trading at Morgan Stanley
San Antonio, TX, Aug. 18, 2020 (GLOBE NEWSWIRE) — U.S. Global Investors, Inc. (Nasdaq: GROW) (“the Company”), a boutique registered investment advisory firm that focuses on niche markets around the world, is pleased to announce that its airlines ETF, the U.S. Global Jets ETF (JETS), was approved to trade on multiple platforms at Morgan Stanley. These include Portfolio Management (PM), its largest trading platform, used by many top producers; Consulting Group Advisor (CGA), its institutional platform, used mostly by pension funds, retirement plans and endowments; and Brokerage at Morgan Stanley. The inclusion became effective Monday, August 17, making JETS available to even more investors. As of the first quarter of 2020, Morgan Stanley’s wealth management platform had over $2.4 trillion in assets under management (AUM), supported by 15,000 financial advisors. This is the third time in two months that JETS has been approved to trade on a large brokerage platform, the other two being Citi Personal Wealth Management and Wells Fargo.“We continue to see a steady recovery in commercial air travel, which I believe is bullish for airline stocks over the long term,” says Frank Holmes, Company CEO and chief investment officer. “The number of people who boarded commercial airlines in the U.S. climbed to a post-pandemic high of approximately 863,000 on Sunday, August 16, according to data provided by the Transportation Security Administration (TSA). That’s the most since mid-March, and it represents a nearly tenfold increase from the low of 87,500 on April 14.“We’re very pleased that JETS continues to attract investors who may be betting that an effective COVID-19 vaccine can be developed and distributed sooner rather than later,” Mr. Holmes says. “JETS remains the only ETF on the market that provides investors access to the global airline industry, including airline operators and manufacturers, and we’re grateful that Morgan Stanley has chosen to include it on its trading platforms.” To learn more about the U.S. Global Jets ETF, click here. ####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 money management and other services to U.S. Global Investors Funds and U.S. Global ETFs.Forward-Looking Statements and DisclosurePlease 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.The outbreak of the COVID-19 pandemic 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.Distributed by Quasar Distributors, LLC. U.S. Global Investors is the investment adviser to JETS.All opinions expressed and data provided are subject to change without notice. Opinions are not guaranteed and should not be considered investment advice.Holly Schoenfeldt
U.S. Global Investors, Inc.
210.308.1268
hschoenfeldt@usfunds.com
U.S. Global Investors, Inc.
210.308.1268
hschoenfeldt@usfunds.com
