(MENAFN - Baystreet.ca) There is a new exchange-traded fund (ETF) out there for investors who are bullish on the travel sector. The AdvisorShares Hotel ETF (NYSEArca:BEDZ) began trading on April 21 and it could be a great buy if travel picks up later this year.
The ETF is focused on a variety of travel-related properties, including gaming and leisure, and it even includes Airbnb (NASDAQ:ABNB). With vaccines being rolled out and consumers eager to get back to travelling and vacationing, BEDZ can be a great way to tap into that recovery. But even if it doesn't happen right away, it could be a good buy-and-hold investment. On the fund's page, it cites a source that claims the hotel industry will make a full recovery by 2023.The vast majority of the fund's exposure is to the U.S. market and the bulk of its stock fall into either the large cap (37%) or mega cap (40%) categories. The ETF's top holding is Vici Properties (NYSE:VICI), which has some of the hottest gaming and entertainment properties in its portfolio, including the Caesars Palace in Las Vegas.