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ETF Traders Defy Warren Buffett’s Warning About Airlines

  • JETS extends a 44-day streak of inflows, totaling $632 million
  • Robinhood retail investors have piled into the airline fund
Bloomberg business news
Buffett Says Berkshire Sold Entire Stake in Four Airlines
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Investors in exchange-traded funds are brushing off billionaire Warren Buffett’s dire warnings on the airline industry.

The $580 million U.S. Global Jets ETF, ticker JETS, has seen 44 straight days of inflows totaling $632 million. The cash streak extended even after Buffett said Berkshire Hathaway Inc. has completely exited its positions in airlines, cautioning that the prospects have changed as a result of the coronavirus outbreak.