The OOTO ETF is designed to track an index provided by MV Index Solutions GmbH, focusing on companies within the Travel and Vacation sector. To be included in the Index, companies must meet specific criteria related to revenue generation or budget allocation in areas like theme parks, hotels, airlines, and more. The Index is rebalanced quarterly and reviewed semi-annually to ensure it reflects the industry's dynamics. The OOTO ETF primarily invests in financial instruments, such as swap agreements and futures contracts, to achieve its objective of providing leveraged exposure to the Index or similar indices, while also seeking to remain fully invested at all times.
While OOTO ETF (Alternative Sources ETF) primarily focuses on tracking an index comprised of various travel and vacation-related companies, it does not offer a traditional dividend distribution like some other ETFs. The ETF's eligibility criteria for inclusion in its index are based on the nature of the underlying companies, focusing on their involvement in travel and vacation-related industries, and not on their dividend policies. As of the most recent data available, the ETF consists of 50 constituents with varying market capitalizations and sector concentrations. Investors looking for dividend income may need to consider alternative investment options, as OOTO ETF's primary objective is to provide exposure to the travel and vacation sector rather than dividend returns.
OOTO Tracking follows the performance of an index provided by MV Index Solutions GmbH, which comprises US-listed stocks of companies categorized as Travel and Vacation businesses. To be included in this index, a company must either generate 25% or more of its revenue from operating theme parks and hotels or allocate 25% or more of its annual budget to these activities. Additionally, companies deriving 50% or more of their revenue from a variety of travel-related sectors, such as hotel accommodations, commercial airlines, and online travel booking, are eligible for inclusion. As of December 30, 2022, this index consisted of 50 constituents, with a median total market capitalization of $8.6 billion, concentrated primarily in the consumer discretionary and industrials sectors. OOTO Tracking aims to provide investors with leveraged exposure to this specific index through financial instruments like swap agreements, securities, and ETFs, aiming to achieve returns consistent with its investment objective, regardless of overall market movements.
The correlation aspect of the OOTO Index, which comprises US-listed stocks of companies in the Travel and Vacation sector, is primarily focused on tracking the performance of travel-related businesses. As per the Index criteria, these companies derive a significant portion of their revenue from activities such as theme parks, hotels, airlines, and more within the travel and vacation industry. Therefore, the correlation of OOTO with the overall economic conditions and consumer sentiment plays a pivotal role in understanding its behavior.
The OOTO Sector ETF is focused on companies within the Travel and Vacation industry, as defined by the Index Provider MV Index Solutions GmbH. To be included in this sector, companies must have a significant involvement in activities such as theme parks, hotels, commercial airlines, casino resorts, cruise lines, and more. The Index comprises 50 constituents with varying market capitalizations, primarily concentrated in the consumer discretionary and industrials sectors. This ETF offers investors exposure to the travel and vacation industry, which can be influenced by factors like tourism trends, economic conditions, and global events. It is important to note that due to its industry-specific focus, the OOTO Sector ETF may have higher volatility and risk associated with its investments compared to more diversified ETFs.
The exposure of the OOTO ETF (Exchange-Traded Fund) is focused on companies within the Travel and Vacation industry, as defined by the Index Provider. This ETF seeks to capture the performance of US-listed stocks, including depository receipts, of companies that derive a significant portion of their revenue from theme parks, hotels, airlines, casino resorts, and various other travel-related activities. With stringent eligibility criteria and a concentration in consumer discretionary and industrials sectors, OOTO ETF provides investors with exposure to a niche sector of the market that is centered around leisure and tourism.
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