In lieu of dedicated restaurant, coffee and hotel sector ETFs, PEJ will have to do and it does quite well. Year-to-date and over the past 12 months, the Dynamic Leisure & Entertainment Intellidex Index, PEJ’s underlying index, has outpaced the S&P Hotels, Restaurants & Leisure Index by 1,738 and 1,945 basis points, respectively, according to PowerShares data.
PEJ also offers utility as an avenue for capital-constrained investors to gain exposure to triple-digit (or four-digit) stocks as Chipotle, Priceline.com (NasdaqGM: PCLN) and Buffalo Wild Wings combine for almost 14% of the ETF’s weight. PEJ is up 7.5% in the past 90 days and hit an all-time high last Friday.
PowerShares Dynamic Leisure and Entertainment Portfolio