Launch of Europe’s first Airlines, Hotels and Cruise Lines ETF enables investors to participate in recovery of travel industry
The launch of Europe’s first Airlines, Hotels and Cruise Lines ETF on the HANetf platform will deliver exposure to the travel industry as it tracks global airline companies, hotel businesses and cruise line operators. The Airlines, Hotels and Cruise Lines UCITS ETF (LSE ticker: TRYP) ‘TRYP’ will list on London Stock Exchange on June 9th 2021 and will be passported for sale across Europe.
Total global spending on leisure travel fell 50%, from $4.692 trillion in 2019 to $2.373 trillion in 20201. Expenditures on business travel took an even bigger hit, falling 52% from $1.445 trillion in 2019 to 694 billion in 20202.
With the rollout of COVID-19 vaccines and the gradual relaxation of restrictions on public movements, global spending on leisure travel is expected to increase by 45% in 2021, to $3.45 trillion3. Business travel expenditures are projected to increase by 21%, to $842 billion in 20214.
Analysts expect that a re-bound in the travel sector could be driven by the speed and extend of a COVID 19 vaccine roll out, pent up demand resulting from trips not taken during the pandemic, growth of the disposable income and savings as well as the size and pace of a global economic recovery. However, these increases still leave leisure and business travel spending far below their 2019 peak and it is likely to take several more years to regain all of the lost ground.
The TRYP travel industry ETF will track the Solactive Airlines, Hotels, Cruise Lines Index. The index- back-tested performance shows it achieved 62.07% net total returns in the past year. Past performance is no guarantee of future results. When you trade ETFs your capital is at risk.
The ETF will have a Total Expense Ratio of 69bps.
Hector McNeil co-Founder and co-CEO at HANetf, said: “The travel industry has been decimated after the Pandemic but we are optimistic about a rebound in the travel industry in the short term due to the speed and extent of a COVID 19 vaccine roll out, business travel restarting and pent up demand resulting from trips not taken during the pandemic. Over the longer term, the growth of disposable income and savings as well as the size and pace of a global economic recovery will be key factors although it may take a few years to regain the lost ground.
We launched the Airlines, Hotels and Cruise Lines UCITS ETF for investors who want a way to trade a recovery of the travel industry in a single product and we are delighted to be able to launch TRYP on the London Stock Exchange later this month.”
“Launching the Airlines, Hotels and Cruise Lines ETF expands our range of innovative ETFs and ETCs and is another European first which we are delighted to bring to market with. We are very proud of the many firsts we have brought to the European ETF market including Europe’s first Space ETF and Europe’s first pure-play solar energy ETF. HANetf’s extensive range really is setting the pace for providing investors with ETFs that have great stories and unique strategies”
Airlines, Hotels and Cruise Lines UCITS Fund Page:
HANetf is an independent provider of UCITS ETFs, working with asset management companies to bring differentiated, modern and innovative exposures to European ETF investors. Via our white-label ETF platform, HANetf provides a complete operational, regulatory, distribution and marketing solution for asset managers to launch and manage UCITS ETFs. www.hanetf.com
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Europe: Phil Anderson, PerceptionA |firstname.lastname@example.org, +44 (0)7767 491 519
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Communications issued in the European Economic Area (“EEA”)
The content in this document is issued by HANetf Management Limited (“HML”) acting in its capacity as management company of HANetf ICAV. HML is authorised and regulated by the Central Bank of Ireland. HML is registered in Ireland with registration number 621172.
Communications issued in the UK
The content in this document is issued by HANetf Limited (“HANetf”), an appointed representative of Mirabella Advisers LLP, which is authorised and regulated by the Financial Conduct Authority (FCA FRN 606792). HANetf is registered in England and Wales with registration number 10697042.
This communication has been prepared for professional investors, but the Exchange Traded Funds (“ETFs”) set out in this communication may be available in some jurisdictions to any investors. Please check with your broker or intermediary that the relevant ETF is available in your jurisdiction and suitable for your investment profile.
Past performance is not a reliable indicator of future performance. The price of the ETFs may vary and they do not offer a fixed income.
This document may contain forward looking statements including statements regarding our belief or current expectations with regards to the performance of certain assets classes. Forward looking statements are subject to certain risks, uncertainties and assumptions. There can be no assurance that such statements will be accurate and actual results could differ materially from those anticipated in such statements. Therefore, readers are cautioned not to place undue reliance on these forward-looking statements.
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