CRUZ - Defiance Hotel, Airline, and Cruise ETF
CRUZ - - Defiance Hotel, Airline, and Cruise ETF
ClubMed have reported a 17% increase in family reunion bookings compared to the 2019 holiday season.2 For many there is a post-lockdown visceral need to reunite with distant family, friends and work colleagues.
Covid cost the travel and tourism sector an estimated $3.3 trillion.3 That’s a lot of suppressed demand that could be waiting to return when consumers feel safe.
Cooped up and denied agency, many people have missed their regular trips and are ready to return to a travel-rich lifestyle. A travel ETF could capture the growth this travel itch represents.
Governments, businesses and individuals alike all want to see the back of Covid-19 and a return to varied and accessible leisure and travel.
The index is a rules-based index that consists of globally-listed stocks of companies that derive at least 50% of their revenues from the passenger airline, hotel and resort, or cruise industries (âTravel Companiesâ) as determined by MV Index Solutions. Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in Travel Companies. The fund is non-diversified.