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EQAL - Russell 1000 EW Invesco ETF

Russell 1000 EW Invesco ETF logoThe Invesco Russell 1000 Equal Weight ETF (EQAL) is an exchange-traded fund (ETF) that seeks to track the performance of the Russell 1000 Equal Weight Index. The index includes the same securities as the Russell 1000 Index, but with each company receiving an equal weighting in the index. The fund has an expense ratio of 0.20% and was launched on December 22, 2014.

The Russell 1000 Equal Weight Index provides investors with an alternative way to invest in the large-cap U.S. equities market. The equal weighting of companies in the index provides a more balanced exposure across different sectors and industries compared to traditional market capitalization-weighted indices.

The ETF has holdings in various sectors, including information technology, healthcare, financials, and consumer discretionary. As of March 23, 2023, the top holdings of EQAL include ServiceNow Inc, Expedia Group Inc, DocuSign Inc, and Invesco Ltd.

EQAL provides investors with an opportunity to gain exposure to the U.S. large-cap equity market while mitigating the concentration risk associated with market capitalization-weighted indices. Additionally, an equal-weighted approach may provide a more diversified portfolio, which can help reduce the overall risk of the portfolio.

Investors should note that equal-weighted indices tend to have higher turnover rates and higher trading costs than market capitalization-weighted indices due to the need to rebalance the portfolio periodically to maintain equal weights. As with any investment, it is important for investors to do their due diligence and understand the risks and potential benefits before investing.

 



 

 

 
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