AdvisorShares Launches BEDZ and EATZ, the First ETFs with Dedicated Exposure to Hotels and Restaurants
AdvisorShares Hotel ETF (BEDZ) and AdvisorShares Restaurant ETF (EATZ) actively invest in key service industries on the road to recovery and return to normalcy amid the global pandemic
BETHESDA, MD — April 21, 2021 —
AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), today announced the launch of the AdvisorShares Hotel ETF (Ticker: BEDZ) and the AdvisorShares Restaurant ETF (Ticker: EATZ). They become the only U.S.-listed ETFs to provide dedicated exposure to their respective industries of focus.
BEDZ invests solely in the hotel industry and its related services, including hotels, resorts, cruise lines, and other travel-related services. EATZ invests solely in the restaurant and food service industry, including restaurants, bars, pubs, fast food, take out facilities and food catering services.
“We believe BEDZ and EATZ are uniquely positioned with their upside potential during an economic recovery and for the long-term growth opportunity that they may offer,” said Noah Hamman, chief executive officer of AdvisorShares. “Restaurants and hotels had to innovate to survive during the pandemic and as we turn the corner towards a brighter outlook, BEDZ and EATZ can allow advisors and investors to participate and invest in the potential recovery of these industries through an innovative ETF structure.”
BEDZ and EATZ each seek long-term capitalization and invest globally in equites across all market capitalizations. Both strategies seek to identify companies with dominant positions in their respective market, focusing on profitability, earnings quality, upside growth as well as technical attributes. Each ETF typically holds 50 or fewer equities which are fundamental strength-weighted, dynamically rebalanced with active management, and with a goal of maintaining low turnover for their respective portfolios.
“We believe in the bullish investment case for hotels and restaurants both in the near-term and the long-term,” said Dan Ahrens, chief operating officer of AdvisorShares and portfolio manager of BEDZ and EATZ. “Pre-lockdown, these were resilient industries which thrived through decades of growth and numerous market cycles. As lockdown and travel restrictions ease along with pent-up consumer demand, we feel there is a compelling investment opportunity to navigate exposure to these key areas of the marketplace.”
AdvisorShares believes in the importance of providing investment education for financial professionals and all investor types. On Thursday, April 22nd, AdvisorShares will host a webcast featuring Dan Ahrens discussing BEDZ and EATZ and providing a detailed overview on their respective industries of investment. Please click here for more information and to register for the session.
AdvisorShares will also be hosting these upcoming webcasts, which include registration links within the dates for each session:
• April 21st at 4:15pm EDT – “Value Investing Today” featuring DoubleLine’s Emidio Checcone, portfolio manager of the AdvisorShares DoubleLine Value Equity ETF (Ticker: DBLV)
• April 29th at 4:15pm EDT – “Cannabis Investing Today with Trulieve” featuring Dan Ahrens and Kim Rivers, CEO of Trulieve
About AdvisorShares AdvisorShares is a leading provider of actively managed ETFs. For financial professionals and investors requesting more information, call 1-877-843-3831 or visit www.advisorshares.com. Follow @AdvisorShares on Twitter and Facebook for more insights.