New Funds Named BEDZ and EATZ Target Reopening Trade
- Active ETFs from AdvisorShares track hotels, restaurants
- Rising Covid cases still holding back reopening stocks
Photographer: yesfoto/E+
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The recent rise in Covid cases has incited fears of fresh lockdowns, but new ETFs on travel and leisure are betting that consumers want to get off their couches.
AdvisorShares launched two new actively-managed funds on Wednesday geared toward some of the areas hit hardest by the pandemic -- a Hotel ETF with the ticker BEDZ and a Restaurant ETF called EATZ. Coming down the pipeline is also the SonicShares Airlines, Hotels, Cruise Lines ETF.