Travel & Leisure industries have been hit hard in November with the rising covid cases and the newly discovered South African variant, the B.1.1.529. Global cases 7-day moving averages have risen from 432,000 on October 31st to 555,000 on November 25th, spreading market fear and prompting travel and leisure stocks investors to dump their shares.
In Europe's ETF space, the iShares STOXX Europe 600 Travel & Leisure UCITS ETF, Lyxor STOXX Europe 600 Travel & Leisure UCITS ETF, Invesco STOXX Europe 600 Optimised Travel & Leisure UCITS ETF have lost more than -15% each in November. To a lesser extent, HANetf Airlines, Hotels and Cruise Lines UCITS ETF and HANetf U.S. Global Jets UCITS ETF fell by more than -6% each during the same period. Today's trading action weighed down harder than any day this month.
America-based Travel & Leisure ETFs are expected to tank as well after a day off on Thanksgiving Thursday. ETF to watch on U.S. opening bell today are The ETMG Travel Tech ETF, SonicShares Airlines, Hotels, Cruise Lines ETF, U.S. Global Jets ETF, Harvest Travel & Leisure Index ETF and AdvisorShares Hotel ETF.
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