Europe's first travel ETF launches on HANetf platform

Will list on the London Stock Exchange

Europe's first airlines, hotels and cruise lines ETF is launching on the HANetf platform to deliver exposure to the travel industry as it emerges from the rout caused by the pandemic.

The Airlines, Hotels and Cruise Lines UCITS ETF (TRYP) will list on the London Stock Exchange in June 2021 and will be passported for sale across Europe, with a total expense ratio (TER) of 0.69%. Total global spending on leisure travel fell 50%, from $4.692trn in 2019 to $2.373trn in 2020. Expenditures on business travel took an even bigger hit, falling 52% from $1.445trn in 2019 to $694bn in 2020. 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 $3.45trn....