U.S. Global Investors (NASDAQ:GROW) announced that its smart beta 2.0 exchange-traded funds (ETFs) posted positive performance in 2024.
The company reported total returns for its ETFs in 2024, with the U.S. Global Jets ETF (NYSE: JETS) gaining over 33%, the U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE: GOAU) achieving a 14% return, and the U.S. Global Sea to Sky Cargo ETF (NYSE: SEA) ending the year up 2.2%, which included a $2.10-per-share dividend.
The newly launched U.S. Global Technology and Aerospace & Defense ETF (NYSE: WAR), the firm’s first actively managed ETF, debuted in December 2024 and did not have sufficient performance data for the year, the company noted.
Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors (NASDAQ:GROW), highlighted the adaptability of the cargo shipping sector, which SEA tracks. “Cargo shipping companies have been known to pay out consistent dividends, even in a slow economy,” Holmed noted.
“The industry faced a number of challenges in 2024, from geopolitical instability to labor disputes. Despite these headwinds, I’m pleased to see how agile the industry has been in rolling with the punches, so to speak.”
The U.S. Global GO GOLD and Precious Metal Miners ETF’s performance was bolstered by a historic rise in gold prices, which reached an all-time high of $2,787 per ounce in October 2024.
And the U.S. Global Jets ETF’s returns were driven by record-high travel demand and declining global oil prices.
“The airlines industry demonstrated remarkable agility in 2024,” Holmes said.
“Strong travel demand, strategic capacity management and lower fuel costs have helped position airlines for sustained success.”