SS&C ALPS Advisors Launches Travel ETF (JRNY)
Zacks Investment Research | Sep 14, 2021 08:00AM ET
The popularity of ETFs is growing in the investment world. Investors have already added $607.7 billion to U.S.-listed ETFs so far in 2021 (per an ETF.com article). In what seems like a favorable period for the launch of new ETFs, SS&C ALPS Advisors has launched the ALPS Global Travel Beneficiaries ETF CRUZ
This product tracks the BlueStar Global Hotels, Airlines, and Cruises Index, which measures the performance of globally listed companies primarily engaged in travel and tourism industries. Holding 51 stocks in its basket, CRUZ, launched in June this year, has gathered around $12.4 million in its asset base and charges 45 bps in annual fees.
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