3 TURNAROUND ETFs to Own for 2021

The encouraging development of coronavirus vaccines and hopes surrounding their effective deployment next year has over the past month ushered in stock market bullishness over the past month. In fact, all the three major indices hit a series of record highs in November. In addition, though the US Congress is still negotiating a second coronavirus relief package, a bipartisan group of senators has…

recently expressed optimism about a stimulus proposal expected this week. Given the backdrop, the US economy is likely set to stage a swift recovery.

As investors began mapping out and initiating their investment plans for new year, exchange-traded funds (ETFs) witnessed a monthly record of $91 billion of inflows in November Though the pandemic impacted sectors like entertainment, travel, and banking profoundly, these sectors have already started recovering and witnessing sharp gains.

Investors are positioning themselves to capitalize on the country’s ability to contain the virus’ spread and return to economic normality. Invesco Dynamic Leisure and Entertainment ETF (PEJ – Get Rating), U.S. Global Jets ETF (JETS – Get Rating), and SPDR S&P Regional Banking ETF (KRE – Get Rating) are three ETFs that are poised to gain traction with hopes to redirect back to the “old normal.”

Invesco Dynamic Leisure and Entertainment ETF (PEJ – Get Rating)

PEJ offers exposure to US media companies, making it a vehicle to gain targeted exposure to a specific sub-sector of the consumer discretionary industry. The ETF seeks to track the Dynamic Leisure & Entertainment Intellidex Index, a multi-factor, tiered equal-weighted index of the US entertainment and leisure industry stocks. The index is composed of companies engaged principally in the design, production or distribution of goods or services in the industry.

PEJ has an MSCI ESG Fund Rating of BB based on a score of 3.53 out of 10. The ETF has $610 million in AUM and an expense ratio of…

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