HANetf Active ETF Product Specialist Vincent Chung spoke with Proactive's Stephen Gunnion about the changing opportunity set in global travel and how an actively managed travel ETF strategy can navigate geopolitical risks while targeting emerging growth areas. He said travel demand remains strong and seasonality is becoming less pronounced, but risks vary across the travel ecosystem — airlines, for instance, carry more direct exposure to oil price volatility and airspace disruption. Chung pointed to online travel booking platforms as a way to tap continued demand without that fuel-price exposure. The strategy holds Expedia, Booking and Airbnb, all of which have delivered encouraging recent results, with active management allowing the portfolio manager to adjust position sizes and take profits after strong share-price runs. Geography matters too. The strategy holds exposure to China, including Trip.com and hotel operator H World, alongside larger allocations to the US and UK, with China's domestic and outbound tourism seen as areas for further growth. "Some of the most interesting travel opportunities may still be emerging, rather than actually already existing or dominant," Chung said. He also discussed the longer-term importance of domestic tourism, including staycations, and the potential for outbound Chinese travel to grow over time. Visit Proactive’s YouTube channel for more videos, and don’t forget to give the video a like, subscribe to the channel and enable notifications for future content. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #HANetf #TravelETF #ETFInvesting #TravelInvesting #TravelStocks #ActiveETF #ActiveInvesting #GlobalTravel #ChinaTravel #ChinaInvesting #OnlineTravel #Airbnb #Expedia #BookingHoldings #Tripcom #HWorld #Tourism #InvestmentStrategy #ETFs #Investing