Invesco Leisure and Entertainment ETF

PEJ

Valor de mercado US$ 351 mi

Movie theater stocks have become one of the standout trades of the year, with AMC Entertainment (NYSE:AMC) shares leading the group. AMC shares are up 83% year to date (YTD) to $2.86, the largest gain among the biggest U.S.

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.

Holiday sales are poised to cross $1 trillion, fueled by e-commerce, AI-powered shopping and resilient consumer spending. Here are five ETFs positioned to benefit from key holiday trends.

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.

ETFs like AWAY are riding on "funflation" as consumers keep spending on hobbies, travel, music and leisure despite higher prices.

The Fed's likely rate hike could create opportunities and risks across ETFs, with value, technology and energy in focus while homebuilders, leisure and small-caps face pressure.

The U.S. jobs report delivered a major surprise in August, but one of the more intriguing signals for ETF investors came from the restaurant economy.

Trump's 90-day beef tariff waiver could lower costs for fast-food chains and meat distributors, benefiting ETFs with exposure to these companies.

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.

Launched on 06/23/2005, the Invesco Leisure and Entertainment ETF (PEJ) is a smart beta exchange traded fund offering broad exposure to the Consumer Discretionary ETFs category of the market.