Investor sentiment was cautious this morning on rising treasury yields. All three benchmarks traded lower in early trading.
Recently, President Biden said that there will be enough vaccines available for all US adults by the end of May, two months earlier than previously expected. The pent-up demand could result in a travel boom later this year. The airline industry is also expected to receive $14 billion in aid as part of Biden’s $1.9 trillion stimulus bill.
Our trade alert for today highlights features a fund that will likely do well as the vaccine rollout gains steam, and beyond.
InvestorPlace & Charlie Shrem
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The ETFMG Travel Tech ETF (AWAY) is the first ETF to provide access to technology-focused global travel and tourism industry. The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Prime Travel Technology Index NTR. The fund invests at least 80% of its total assets, exclusive of collateral held from securities lending, in the component securities of the index and in ADRs and GDRs based on the component securities in the index. The index tracks the performance of globally exchange-listed equity securities of companies across the globe that are engaged in “Travel Technology Business” which is defined as providing technology, via the internet and internet-connected devices.
The fund is a passively-managed portfolio of companies that, via the internet and internet-connected devices, facilitates travel bookings and reservations, ride sharing and hailing, travel price comparison, and travel advice. To be identified as index constituents, companies must derive majority of their revenue from travel technology business activities, in which those activities are assessed by the index provider from their regulatory filings and other financial reports. The fund uses proprietary weighting methodology that weights securities based on market capitalization and average daily value traded. The larger and more frequently traded companies will receive a higher score compared to smaller and less traded companies. The three companies receiving the highest score will each receive a weight of 8%, while the next three companies receive 6% weight each and all excess weight is distributed across the remaining securities. The Index is reconstituted and rebalanced during its semi-annual review.
The ETFMG Travel Tech ETF (AWAY)
- Net Assets 261.77M
- Price/Earnings Ratio -10.66
- Price/Book Ratio 3.57
- 3 month total return 28.69%
- Expense Ratio (net) 0.75%
- Yield 0.03%
- Top Holdings Facedrive (FDVRF), TripAdvisor (TRIP), Airbnb (ABNB)
Where to invest $1,000 right now...
Before you consider buying AWAY, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not AWAY.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
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