The popularity of ETFs is growing in the investment world. Investors have already added $607.7 billion to U.S.-listed ETFs so far in 2021 (per an ETF.com article). In what seems like a favorable period for the launch of new ETFs, SS&C ALPS Advisors has launched the ALPS Global Travel Beneficiaries ETF JRNY on the NYSE Arca.
In this regard, Laton Spahr, President of SS&C ALPS Advisors, has reportedly commented that “SS&C ALPS Advisors continues to build a compelling suite of thematic strategies for ETF investors. We believe global travel spending may improve as the global middle class expands and the desire to spend on experiences grows. Our new ETF may provide differentiated exposure to a potentially durable theme.”
JRNY in a Nutshell
The fund’s strategy provides a diversified exposure to the global travel industry. It tracks the S-Network Global Travel Index, which discovers exchange-traded stocks of companies that are materially engaged in the global travel…