Will This New Restaurant ETF Be a Winner?
The restaurant industry has gone through tough times lately, with many traditional casual dining names falling prey to changing consumer preferences. The rise of fast-casual restaurants has shifted dining habits, and the greater tendency to use at-home entertainment options rather than eating out has challenged restaurants to keep traffic levels up. Even in this environment, a new restaurant ETF has recently opened, seeking to succeed where predecessors have failed. Given better timing, the restaurant ETF might fare better going forward if restaurant companies can find a way to rebound from their recent slump.
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Source: Fool.com
