Summary
PEJ Chart
PEJ: Leisure Sector Growth Opportunities Tempered By Cyclical Headwinds
The Invesco Leisure and Entertainment ETF offers thematic exposure to premium leisure, travel, and entertainment stocks, with a 59% consumer cyclical sector allocation. PEJ faces headwinds from a hawkish Fed, rising interest rates, and cautious consumer spending. Major upcoming catalysts include Q3/Q4 earnings from top holdings and macroeconomic signals ahead of December FOMC meetings.
PEJ: Worth Avoiding As Pressures From Higher Rates Mount
I maintain the Hold rating on the Invesco Leisure and Entertainment ETF. In August, the PEJ portfolio was reconstituted, with 11 names replaced. As a consequence, its growth and quality characteristics weakened. I expect PEJ to underperform IVV into 2027, as its factor mix is dangerously light in quality and growth, which makes it more vulnerable to macro headwinds.
Should You Invest in the Invesco Leisure and Entertainment ETF (PEJ)?
If you're interested in broad exposure to the Consumer Discretionary - Leisure and Entertainment segment of the equity market, look no further than the Invesco Leisure and Entertainment ETF (PEJ), a passively managed exchange traded fund launched on June 23, 2005.
Invesco Leisure and Entertainment ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 2,640 | $128,752.8 | $170,570.4 | $41,817.6 | 32.48% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 13,128 | $873,933 | $834,284.4 | -$39,648.6 | -4.54% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,025 | $49,460.58 | $65,138.75 | $15,678.17 | 31.7% |
| NA Nizar Araji National Bank Of Canada /FI/ | 2,268 | $104,768.16 | $148,145.76 | $43,377.6 | 41.4% |
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 13,045 | $808,529.1 | $848,707.7 | $40,178.6 | 4.97% |
Invesco Leisure and Entertainment ETF (PEJ) FAQ
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Invesco Leisure and Entertainment ETF Profile
| ARCA Exchange | US Country |
Overview
The company in question operates an investment fund that focuses on the leisure and entertainment sectors within the United States. The fund is designed to track an underlying index that is comprised of common stocks from U.S. companies which are mainly involved in the leisure and entertainment industries. These industries include, but are not limited to, companies that specialize in the design, production, or distribution of goods and services targeted towards leisure and entertainment activities. By committing to invest at least 90% of its total assets in securities that make up the underlying index, the fund aims to mirror the performance of these sectors closely. It is important to note that the fund is non-diversified, meaning it may invest a larger portion of its assets in a smaller number of stocks, potentially increasing its risk and volatility.
Products and Services
- Securities Investment
The primary service provided by the company is the investment in securities, specifically those that are included in the underlying index of U.S. leisure and entertainment companies. This includes stocks of companies engaged in activities such as the design, production, or distribution of leisure and entertainment goods or services. The goal of this investment strategy is to offer investors exposure to the leisure and entertainment sectors, which can include industries like media, hospitality, gaming, and retail fields related to entertainment and leisure activities.
- Index Tracking
Another key service of the fund is its focus on index tracking. By aiming to invest at least 90% of its total assets in the securities comprising the underlying index, the fund seeks to closely mirror the performance of the U.S. leisure and entertainment sectors represented in the index. This approach allows investors to potentially benefit from the growth and performance of these sectors in the U.S. economy through a single investment vehicle, simplifying the investment process and providing a focused exposure to these industries.
Contact Information
