More specifically, the fund's goal is to deliver returns that are reflected in the price changes of the S&P 500 Revenue-Weighted Index, which its constituents are included in the underlying S&P 500 index and are selected based on positive revenues. It currently manages about $1.74 billion. RWL is a full-replication index-tracking equity ETF issued on by Invesco Capital Management LLC and managed by the same. Below, I am going to dive into it and also recommend you some alternatives to consider if you're not content with a full-replication S&P 500 tracking ETF. Its risk profile has actually been a bit worse than that of SPDR S&P 500 ETF Trust ( SPY). Regardless, its approach hasn't delivered greater returns than the market or at least shown signs of superior risk-adjusted returns. It's unique in this approach as far as I know and it has been efficient in tracking that index. Invesco S&P 500 Revenue ETF ( NYSEARCA: RWL) is an ETF which tracks an index that selects and weights S&P 500 constituents on the basis of revenue power.
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