Airlines ETF (AIRL) — ()
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Aviation Market to Soar Above Turbulence? ETFs to Consider
Published: by:
Sentiment: Positive ()
Lower jet fuel costs, record revenues and Asia-Pacific demand lift aviation ETFs like JETS and AIRL above broader markets.
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About Airlines ETF AIRL
The index is a free float adjusted, market capitalization weighted index that is designed to provide exposure to companies that have business operations in the airlines industry. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the index and in American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) based on the securities in the index. The fund is non-diversified.