Industry Updates

Europe’s first travel ETF undergoes overhaul

TRYP has broadened to 65 constituents

Jamie Gordon

an airplane taking off

HANetf has overhauled its travel ETF with a new name, underlying index and broadened its exposure to include online booking companies. 

The $29m Airlines Hotels and Cruise Lines UCITS ETF (TRYP) launched in June 2021 as Europe’s first pure play travel industry ETF, tracking the Solactive Airlines, Hotels and Cruise Lines index of 61 constituents. 

As a result, TRYP has been renamed The Travel UCITS ETF and now replicates the Solactive Travel index of 65 constituents, adding online booking and travel agency companies to the previous basket of securities. 

The ETF’s total expense ratio (TER) will remain at 0.69% following the changes. 

Hector McNeil, co-CEO and co-founder of HANetf, commented: “Travellers have been growing more informed, more empowered, and better able to organise their trips independently than previous generations of travellers, a trend that has fuelled the growth of online travel agencies.  

“We therefore believe online travel agencies are a great addition to our thematic travel ETF. At HANetf we are always assessing our thematic ETF range to ensure they are capturing their intended theme in the best possible way.” 

HANetf’s product originally launched to mirror the US-listed SonicShares Airlines, Hotels and Cruise Lines ETF (TRYP), however, Tidal ETF Trust announced it would terminate the SonicShares product last July. 

HANetf has shut seven exchange-traded products (ETP) since last August, most recently the Purpose Enterprise Software ESG-S UCITS ETF (SOFT). 

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