After the Guggenheim airline exchange traded fund was grounded back in 2013, investment interest for

After the Guggenheim airline exchange traded fund was grounded back in 2013, investment interest for airliners soared in 2014, and now ETF Series Solutions, a white label ETF service provider, is bringing back the sub-sector theme.
According to a recent Securities and Exchange Commission exemptive relief filing , ETF Series Solution and U.S. Global Investors, Inc. are working on the U.S. Global Jets ETF (NasdaqGM: JETS) . JETS will have a 0.6% expense ratio.
The new Jets ETF will try to reflect the performance of the U.S. Global Jets Index, which is comprised of U.S. and international passenger airline companies track airline flight progress and aircraft manufacturers track airline flight progress listed in developed and emerging market countries. The underlying index will hold between 25 and 40 airline companies, weight components by their square root average daily dollar volume traded over the past three months and rebalance quarterly.
Airline stocks were among the best performing areas of the market last year, bolstered by falling oil prices and an improving economy. For instance, Southwest Airlines (NYSE: LUV) surged track airline flight progress about 125% in 2014 and the Bloomberg U.S. Airlines Index rose 81.3 percent in 2014.
“2015 is poised to be one of the best, if not the best, years for the U.S. airline business,” Henry Harteveldt, a travel industry analyst with Atmosphere Research Group, said in a Times Record article.
Previously, there were two airline sector-related ETFs on the market. The Direxion Airline Shares ETF (NYSEArca: FLYX) closed in 2011 and Guggenheim shuttered the Guggenheim Arca Airline ETF (NYSEArca: FAA) in 2013. The underlying NYSE Arca Airline Index (^XAL) rose 50% over 2014. [ Sector ETFs Capitalizing on Cheap Oil ]
Nevertheless, investors filled the airline ETF void with the iShares Transportation Average ETF (NYSEArca: IYT ) and the SPDR S P Transportation ETF (NYSEArca: XTN ) last year. According to ETF.com data, IYT attracted $1.2 billion in assets and XTN saw $426.1 million in inflows over 2014. Airlines make up 16.2% of IYT and 24.7% of XTN. [ Dearth of Airline ETFs Sends Investors to Transport Funds ]