Have you ever wished there was an exchange traded fund (ETF) that likes to have as much fun as you do?

Well, you just might find it in the PowerShares Dynamic Leisure & Entertainment (PEJ) ETF. It likes to gamble, as the MGM Mirage (MGM) is its top holding at 5.2%. PEJ also enjoys traveling: Marriott International (MAR) makes up 5.1% of this ETF, and Expedia (EXPE) comes in at 3.2%. For a more relaxing time, PEJ also likes to check out the latest TV shows and newly-released movies. With 5.0% invested in Walt Disney (DIS) and 5.1% in CBS (CBS), PEJ stays in touch with the TV and film industry. In fact, CBS’s new fall TV series, such as "Kid Nation" and "Cane" also could impact this ETF. CBS hopes these newcomers can add some spark to its stale but popular "CSI" and "Survivor" series, according to Rebecca Dana for The Wall Street Journal.

Although PEJ is still below its long-term trend line (200-day moving average), keep an eye on it as you would with one of your favorite TV shows.

Pej_etf_chart

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.