U.S. Global Investors (NASDAQ:GROW) announced that its airlines ETF, the U.S. Global Jets ETF, is now listed on Bolsa de Valores de Colombia (BVC), the Colombian Securities Exchange.
The investment firm said the new listing further expands JETS’ footprint in Latin America.
First listed in New York in 2015, the ETF was approved in Lima and Peru in 2020 and Mexico in 2021.
“We couldn’t be more excited to give Colombian investors the opportunity to participate in the global airlines industry, which is expected to carry a record 5 billion people this year,” U.S. Global Investors CEO Frank Holmes said in a statement.
“Investors who own JETS in Latin American countries where it trades—Mexico, Peru and now Colombia—have the potential to benefit from the global tourism boom, projected to generate $2 trillion in revenue in 2024. They may also gain a currency hedge if their local currencies lose value against the U.S. dollar.”
Holmes highlighted that U.S. Global Investors’ quant, smart beta 2.0 approach to selecting stocks has resulted in several Latin American companies being part of the ETF, including Brazil’s Embraer, Panama’s Copa Holdings and Mexico’s Grupo Aeroportuario del Sureste, a publicly traded airport operator.
“Once a quarter, JETS is rebalanced and reconstituted, with a focus on America’s four largest airlines: America, Delta, United and Southwest,” he said.
To celebrate the listing, representatives from U.S. Global Investors will ring the bell at the BVC, while also attending the Congreso Asobolsa event in Cartagena between August 28 and 30.