U.S. Global Investors, Inc. reported positive performance across its Smart Beta 2.0 ETFs for the calendar year 2024, validating the effectiveness of its quantitative investment strategy. The U.S. Global Jets ETF (JETS) delivered total returns of 33.21% for the year, outpacing the broader market. This performance was fueled by a favorable economic backdrop and record-high passenger traffic, with the Transportation Security Administration (TSA) screening over 900 million passengers in U.S. airports, a 5% increase over 2023 figures.
The U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) achieved a total return of 13.80% in 2024, marking its second consecutive year of positive annual performance. This was driven by a milestone year for gold, with prices soaring to an all-time high of $2,787 per ounce on October 30, representing a 27.22% increase for the year. Global central banks contributed to this strength by adding 186 metric tons of gold in the third quarter alone.
The U.S. Global Sea to Sky Cargo ETF (SEA) also ended 2024 in positive territory, with a 2.23% return including reinvested dividends. This performance underscores the resilience and adaptability of the cargo shipping industry, despite facing challenges such as geopolitical instability and labor disputes. The positive results across these thematic ETFs demonstrate the company's ability to select high-quality stocks and construct robust portfolios.
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