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EQWL - Russell Top 200 EW Invesco ETF

Russell Top 200 EW Invesco ETF logoThe Invesco S&P 500 Equal Weight ETF (EQWL) is an exchange-traded fund that tracks the performance of the S&P 500 Equal Weight Index. This index is made up of the same 500 companies as the S&P 500, but each company is given an equal weight instead of being weighted by market capitalization. As a result, smaller companies have a larger influence on the index's performance compared to the S&P 500.

The EQWL ETF aims to provide investors with a diversified exposure to large-cap US stocks, while also minimizing concentration risk that may arise from the market-cap weighted approach. By investing in an equal weight ETF, investors can potentially benefit from the outperformance of smaller companies, which may not be as prominent in a market-cap weighted ETF.

EQWL has an expense ratio of 0.20%, which is relatively low for an ETF. It is also a relatively small fund, with assets under management of around $1 billion as of March 2023. The fund's top holdings are spread across a range of sectors, including information technology, healthcare, consumer discretionary, and financials.

Overall, the Invesco S&P 500 Equal Weight ETF may be a suitable choice for investors looking for broad exposure to the US stock market while minimizing concentration risk. However, it is important to note that an equal weight approach may not necessarily lead to better performance compared to a market-cap weighted approach, and investors should consider their own investment objectives and risk tolerance before investing in any ETF.




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