New products and changes introduced over the last week include an airline industry ETF from U.S. Global and an ESG fund from Matthews Asia. Also, Russell launched a multistrategy income fund.
Here are the latest developments of interest to advisors:
1) U.S. Global Adds Airline ETF
U.S. Global Investments has announced the launch of an airline industry ETF, U.S. Global Jets ETF (JETS), which offers global exposure to commercial airline, aircraft manufacturing and airport industries based on fundamental and liquidity factors.
JETS's construction is intended to provide broad exposure to the universe of companies associated with the business of flying, with an 80% allocation to domestic names (the four leaders being Southwest, Delta, United and American) and a 20% allocation to international names (Japan Airlines, Air Canada, EasyJet, etc.). It a smart beta, passively managed fund designed to track the U.S. Global Jets Index. Candidates for inclusion must be members of the airlines, aircraft manufacturing, or airports and terminal service industries.
2) Matthews Asia Launches ESG Fund
