The Invesco Dynamic Leisure and Entertainment ETF (PEJ) is managed by Invesco, a leading global asset management company. Established to provide investors with exposure to the leisure and entertainment industries in the United States, PEJ tracks the ICE Dynamic Leisure and Entertainment Intellidex Index. This index is maintained by ICE Data Indices, LLC and comprises companies primarily engaged in leisure and entertainment, including hospitality, recreation, and entertainment programming. As of June 30, 2023, the index consisted of 30 constituents with varying market capitalizations. PEJ aims to replicate the index by investing in all its securities according to their weightings, and it operates as a non-diversified fund, concentrating its investments in industries represented within the underlying index, which can change over time to reflect evolving market dynamics.
While the primary objective of the Invesco Dynamic Leisure and Entertainment ETF (PEJ) is to track the performance of the leisure and entertainment sector, it still has a role to play in dividend distribution. PEJ generally invests at least 90% of its assets in securities that make up the Underlying Index, primarily consisting of U.S. leisure and entertainment companies. These companies, engaged in various facets of the industry such as hospitality, gaming, and entertainment programming, may contribute to PEJ's dividend distributions. The ETF does not focus solely on dividends, but investors can benefit from both sector growth and potential dividend returns. Please note that the dividend eligibility, distribution frequency, and policies are subject to the performance of the underlying companies and the ETF's investment strategy.
The Invesco Dynamic Leisure and Entertainment ETF, also known as PEJ, primarily tracks the performance of the ICE Data Leisure & Entertainment Index. This index comprises common stocks of U.S. leisure and entertainment companies involved in various aspects of the industry, including hospitality, restaurants, cruise lines, casinos, amusement businesses, and entertainment programming. With a portfolio of 30 constituents ranging from $737 million to $99 billion in market capitalization as of June 30, 2023, PEJ employs a full replication methodology to closely mimic the index's composition. Investors looking to gain exposure to the leisure and entertainment sector within the U.S. equity market may consider PEJ as an option, though it's important to note that the fund can concentrate its investments in specific industries based on the index's composition.
The correlation aspect of the Invesco Dynamic Leisure and Entertainment ETF (PEJ) is crucial for investors seeking exposure to the U.S. leisure and entertainment industries. PEJ aims to track the performance of companies engaged in leisure and entertainment businesses, including hospitality, recreation, and entertainment programming. Its correlation with these industries is expected to be strong, making it a valuable tool for investors interested in this sector. To analyze PEJ's correlations with other assets or sectors, investors can utilize the ETF Insider web app, which provides deep and insightful data along with visualizations to highlight potential overlaps with various market segments.
The Invesco Dynamic Leisure and Entertainment ETF (PEJ) focuses its investments on the leisure and entertainment sector. This ETF primarily consists of U.S. leisure and entertainment companies engaged in the design, production, or distribution of goods and services related to leisure and entertainment. This sector encompasses a wide range of businesses, including hospitality, cruise lines, casinos, restaurants, bars, and entertainment programming companies involved in the production of motion pictures, music, radio, television, and post-production services. As of June 30, 2023, the Underlying Index tracked by PEJ comprised 30 constituents with varying market capitalizations. PEJ employs a full replication methodology, aiming to replicate the composition of the Underlying Index by investing in all securities according to their weightings. However, investors should note that PEJ is non-diversified and may concentrate its investments in the leisure and entertainment industry, potentially increasing its risk exposure within this sector.
The Invesco Dynamic Leisure and Entertainment ETF (PEJ) focuses on exposure to the leisure and entertainment sector within the U.S. equity market. This ETF seeks to mirror the performance of the ICE Data Leisure and Entertainment Index, composed of companies primarily involved in leisure and entertainment industries, including hospitality, entertainment programming, and related businesses. With a concentration in this sector, PEJ provides investors with an opportunity to capitalize on the growth potential of companies engaged in leisure and entertainment, offering a unique perspective on a dynamic segment of the U.S. economy.
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