(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 entertainme
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AdvisorShares Launches BEDZ & EATZ, the Only Pure Plays of Their Kind
AdvisorShares Hotel ETF (BEDZ) and the
AdvisorShares Restaurant ETF (EATZ). They become the only U.S.-listed ETFs to provide dedicated exposure to their respective industries of focus.
BEDZ invests solely in the hotel industry and its related services, including hotels, resorts, cruise lines, and other travel-related services. EATZ invests solely in the restaurant and foodservice industry, including restaurants, bars, pubs, fast food, take-out facilities, and food catering services.
“We believe BEDZ and EATZ are uniquely positioned with their upside potential during an economic recovery and for the long-term growth opportunity that they may offer,” said Noah Hamman, Chief Executive Officer of AdvisorShares. “Restaurants and hotels had to innovate to survive during the pandemic, and as we turn the corner towards a brighter outlook, BEDZ and EATZ can allow advisors and investors to participate and inve