Bringing you live news and features since 2006 

SonicShares launches airlines, hotels and cruise lines ETF

RELATED TOPICS​

SonicShares has launched the SonicShares Airlines, Hotels, Cruise Lines ETF (TRYP), which tracks the Solactive Airlines, Hotels, Cruise Lines Index.

TRYP is the only US-listed ETF that provides investors exposure to three major components of the travel industry: airlines, hotels and cruise lines, all of which are well-represented in TRYP’s top 10 holdings.

It is difficult to overstate the extent to which the pandemic impacted the travel industry. Within the span of a month in 2020, leisure and business travel all but stopped. However, investors, like travellers, look to the future and as the world emerges from the Covid-19 pandemic, the industry that arguably suffered the most from global shutdowns is poised for what many feel is a dramatic recovery as pent up demand for travel is unleashed.

“Prior to the pandemic, global travel and tourism enjoyed unprecedented annual growth as travellers across the globe recognised the value of experiences over the consumption of goods,” says Paul Somma, the Founder of SonicShares. “Unfortunately, the pandemic put this trend on hold. As the pandemic recedes, travellers the world over appear eager to get back on the road, and investors can participate in this potential travel rebound with TRYP.”

Investors looking to take advantage of a travel recovery can utilise TRYP as a broad-based, pure-play investment in three of the primary drivers of the travel industry. And beyond the post-pandemic recovery, TRYP can be an attractive way for investors to express a bullish view on the travel industry, while enjoying TRYP’s potential for ongoing income.

SonicShares partnered with Tidal ETF Services to bring TRYP to market.

Latest News

Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..
As the ETF industry reaches a milestone of USD12.71 trillion in global assets, Brown Brothers Harriman writes that its 2024..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by