- AWAY provides exposure to a highly-concentrated, top-heavy portfolio encompassing 35 companies that operate in the Travel Tech industry included in the Prime Travel Technology Index NTR.
- The AWAY portfolio tilted towards the travel booking & reservations players that have close to 52% weight (thanks to BKNG and ABNB) followed by travel advice with its ~17.5% weight.
- JETS and AWAY are highly correlated.
- AWAY has the 'great expectations' premium and 'coronavirus' discount priced in equity valuations.
- I am neutral as I dislike the risk profile.
For further details see:
AWAY: Tech Expensiveness And Risks Of Travel