Trackinsight: Vaccination and ease of restrictions energize Travel and Leisure ETFs

09/24/2021 | 10:16am

These vital service industries have rebounded sharply with rising influx of tourists, reopening of hotels, bars, restaurants and other entertaining venues.

Speedy vaccination campaigns, lockdown lifts and ease of travel restrictions in US, Europe and UK, energized the travel and leisure industries. These vital service industries have rebounded sharply with rising influx of tourists, reopening of hotels, bars, restaurants and other entertaining venues. Although levels may be far behind pre-pandemic levels due to variant concerns, optimism around the industry’s outlook have refreshed related stocks and ETFs.

In the ETF space, Invesco Dynamic Leisure and Entertainment ETF (PEJ) gained around 28% year-to-date. PEJ has 30 US holdings of leisure and entertainment companies. These are companies that are principally engaged in the design, production or distribution of goods or services in the leisure and entertainment industries. Top holdings include        Booking Holdings Inc. (5.29%), McDonald’s Corp (4.9%), Sysco Corp. (4.86%), Chipotle Mexican Grill Inc (4.83%) and Starbucks Corp. (4.74%).

In Europe, iShares STOXX Europe 600 Travel & Leisure UCITS ETF (EVX9), Lyxor STOXX Europe 600 Travel & Leisure UCITS ETF (TRV) and Invesco STOXX Europe 600 Optimised Travel & Leisure UCITS ETF (XTPS) have gained respectively 20.6%, 22% and +27.38%. The three ETFs target the largest stocks of the travel & leisure industry in Europe. They include holdings like Flutter Entertainment PLC, Ryan Air, Accor, Intercontinental Hotels, Evolution and Entain PLC, just to name of few.

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