Will Vaccines Lower Free Leisure and Leisure Spending in 2021?

As the global introduction of vaccines continues, the leisure and entertainment industries should continue their healing process. ETFs like that Invesco Dynamic Leisure and Entertainment ETF (PEJ)could in turn offer investors an added value option.

PEJ is based on the Dynamic Leisure & Entertainment Intellidex® Index (Index). The Fund typically invests at least 90% of its total assets in the common stocks that make up the Index.

The index is designed to enable capital appreciation by thoroughly evaluating companies against a variety of investment performance criteria, including: price dynamics, earnings dynamics, quality, management measures and value. The index is made up of common stocks of 30 US leisure and entertainment companies.

PEJ is made up of a variety of market capitalization allocations. ETF investors can grasp the stability of large caps, the growth of small caps, and the best of both worlds through mid caps.

PEJ is up about 17% last year and 22% since the start of the year. The relative strength index (RSI) on its one-year chart is currently 82.12, which confirms the fund’s strong momentum.

Front workers are vaccinated

The leisure and entertainment industry should get a boost with the option for hotel workers to get the Covid-19 vaccine. According to a Article in the Las Vegas Review Journal“According to the latest guidelines from the Centers for Disease Control and Prevention, hotel workers in the US should get an early look at the COVID-19 vaccination.”

The article said: “The American Hotel and Lodging Association asked the CDC last month to move hotel workers to Phase 1c, according to the head of the association that represents all segments of the US lodging industry.”

“This is a significant achievement that has a direct impact on the health and safety of hotel workers across the country,” said Chip Rogers, CEO and President of AHLA. “It is also recognized that hotel workers continue to be at the forefront of the pandemic.”

“Travel and tourism are major drivers of the American economy. While the demand for travel has hit record lows, ensuring hotel workers’ priority during the vaccine rollout will help ensure both employees and guests are safe when it becomes safe to travel once and resume meetings and events, ” said Rogers.

More news and information can be found on the Innovative ETF channel.