| Frank Holmes and other USGI Staff|
At the NYSE on May 4, 2015
This morning, executives from U.S. Global Investors, Inc.
] gathered at the NYSE's opening bell to commemorate the recently launched exchange traded fund (ETF) U.S. Global Jets ETF
Today's event flew off to an exciting start with executives in the financial services industry convening in an exquisitely placed room inside the NYSE. Guests enjoyed breakfast selections including eggs, potatoes, bacon, sausage, fruits, yogurt, bagels, sweets, and a variety of fruits.
Soon following, Frank Holmes
, CEO and chief investment officer of US Global Investors, presented some opening remarks before the guests made their way down to the trading floor.
The new U.S. Global Jets ETF
, (according to an announcement
issued last week), "is the only airline industry ETF and offers investors global exposure to commercial airline, aircraft manufacturing, and airport industries based on fundamental and liquidity factors." The index uses various fundamental screens to determine the most efficient airline companies worldwide. In addition, the index also offers diversification through exposure to global aircraft manufacturers and airport companies worldwide.
"Airlines have demonstrated the ‘magic’ financial factor," Holmes stated in the announcement, pointing to 287-percent rise (thanks to better cash flow) over the past three years.
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