SS&C ALPS Advisors Launches Journey ETF (JRNY)

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SS&C ALPS Advisors Launches Travel ETF (JRNY)

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The popularity of ETFs in the investment world is growing. Investors have already invested $ 607.7 billion in US-listed ETFs in 2021 (according to the ETF.com article). In a seemingly favorable period for the introduction of new ETFs, SS&C ALPS Advisors launched the ALPS Global Travel Beneficiaries ETF JRNY on the NYSE Arca.

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In this regard, Laton Spahr, President of SS&C ALPS Advisors commented that “SS&C ALPS Advisors continues to develop a compelling set of thematic strategies for ETF investors to spend on experience. Our new ETF can offer nuanced exposure to a potentially permanent theme. “

JRNY in brief

The fund’s strategy offers diversified exposure to the global travel industry. It tracks the S-Network Global Travel Index, which reveals publicly traded stocks of companies that play a major role in the global travel industry. The fund’s portfolio invests money in booking and rental agencies, airlines and airport services, hotels, casinos and cruise lines, and travel-related businesses that are shortlisted through an artificial intelligence-based screening process, such as luxury retail, entertainment, leisure, groceries and beverage and payment processing providers.

JRNY has raised an AUM of $ 1.2 million. It calculates an expense ratio of 0.65%. The three largest holdings of the fund are Estee Lauder Company Inc. Class A (EL), Walt Disney Co. (DIS) and L’Oreal SA (OR FP).

What Makes JRNY an Attractive Choice?

The travel industry has received a much-needed boost with the reopening of the U.S. economy, accelerated coronavirus vaccine adoption initiatives, and solid fiscal stimulus. President Joe Biden has outlined a very effective plan to increase the vaccination rate and contain the outbreak. He made it mandatory for federal employees to get the COVID-19 vaccination, according to a CNBC article. The Biden government will also issue guidelines to the Department of Labor requiring employers with more than 100 employees to issue vaccine orders or to have weekly tests. Using booster vaccinations and imposing vaccination regulations is expected to help contain the spread of the coronavirus.

ETF competition

The fund faces tough competition due to its focus on the travel industry. Below we discuss some ETFs that are trying to take advantage of this space:

Consider the following interesting options:

US Global Jets ETF JETS

This fund provides exposure to the global aviation industry, including aviation companies and manufacturers from around the world, by tracking the US Global Jets Index. In total, the product holds 52 securities and charges investors 60 basis points (bps) in annual fees. The fund has raised $ 3.47 billion (read: ETFs in focus on airlines’ slowdown warnings).

ETFMG Travel Tech ETF ONE WAY

This is the first ETF to offer direct access to the technology-driven global travel and tourism industry. It follows the Prime Travel Technology Index NTR and charges investors 75 basis points in annual fees. The fund holds 34 stocks in its basket, with 51.9% of assets in travel booking and reservation companies, followed by 17.6% in travel advisory firms and 16.6% in travel price comparison firms. AWAY has amassed $ 279.4 million in its asset base (Read: ETFs Rise Amid Full FDA Approval For Pfizer COVID-19 Vaccine).

The Defiance Hotel, Airline and Cruise ETF CRUZ

This product tracks the BlueStar Global Hotels, Airlines, and Cruises Index, which measures the performance of globally listed companies primarily active in the travel and tourism industries. With 51 shares in its basket, CRUZ, which launched in June this year, has around $ 12.4 million.

Tech IPOs with massive profit potential: Last year’s top IPOs rose by up to 299% in the first two months. With record amounts of cash pouring into IPOs and a record breaking stock market, this year could be even more lucrative.

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ETFMG Travel Tech ETF (AWAY): ETF Research Reports

US Global Jets ETF (JETS): ETF Research Reports

Defiance Hotel, Airline and Cruise ETF (CRUZ): ETF Research Reports

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