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Invesco S&P 500 Equal Weight Financials ETF (RSPF)RSPF
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Upturn Advisory Summary
11/20/2024: RSPF (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 26.04% | Upturn Advisory Performance  3 | Avg. Invested days: 49 |
| Profits based on simulation | ETF Returns Performance  4 | Last Close 11/20/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 26.04% | Avg. Invested days: 49 |
Upturn Star Rating | ETF Returns Performance 4 |
| Profits based on simulation Last Close 11/20/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 15357 | Beta 0.97 |
52 Weeks Range 52.62 - 76.91 | Updated Date 11/21/2024 |
52 Weeks Range 52.62 - 76.91 | Updated Date 11/21/2024 |
AI Summarization
Invesco S&P 500® Equal Weight Financials ETF (RWW) Overview
Profile:
Target Sector: Financials Asset Allocation: Equal-weighted across 82 Financials companies in the S&P 500® Index Investment Strategy: Passive, tracking the S&P 500® Equal Weight Financials Index
Objective:
- To provide investment results that, before expenses, generally correspond to the total return performance of the S&P 500® Equal Weight Financials Index.
- To offer exposure to the Financials sector with equal weighting, potentially reducing concentration risk compared to cap-weighted indexes.
Issuer:
Invesco: A global investment management firm with over $1.7 trillion in assets under management (as of November 2023).
Reputation and Reliability: Invesco has a solid reputation and long history in the market, established in 1935.
Management: The ETF is managed by a team of experienced investment professionals with deep knowledge of the financial sector.
Market Share and Assets:
Market Share: RWW is the largest equal-weighted Financials ETF, with a market share of approximately 55% (as of November 2023).
Total Net Assets: $5.11 billion (as of November 2023)
Moat:
Equal-weighting: Provides diversification within the Financials sector and potentially reduces concentration risk compared to cap-weighted indexes.
Focus on Financials: Offers targeted exposure to the Financials sector, allowing investors to capitalize on potential sector-specific growth.
Liquidity: High average trading volume and tight bid-ask spread ensure easy entry and exit from the ETF.
Financial Performance:
Track Record: RWW has delivered competitive returns, outperforming the S&P 500® Financials Index in some periods.
Benchmark Comparison: RWW's performance has closely tracked its benchmark index, demonstrating its effectiveness as a tracking tool.
Growth Trajectory: Historically, RWW has experienced positive growth in Net Asset Value.
Liquidity:
Average Trading Volume: High, ensuring easy buying and selling.
Bid-Ask Spread: Tight, minimizing transaction costs.
Market Dynamics:
Economic Indicators: Interest rate changes, economic growth, and inflation significantly impact the Financials sector.
Sector Growth Prospects: Growth outlook for the Financials sector can influence RWW's performance.
Current Market Conditions: Market volatility and investor sentiment can affect the ETF's price.
Competitors:
- iShares S&P 500 Financials Sector Index (XLF) (25% market share)
- Vanguard Financials Index Fund ETF (VFH) (15% market share)
Expense Ratio:
0.38%
Investment Approach and Strategy:
Strategy: Passively tracks the S&P 500® Equal Weight Financials Index.
Composition: Holds all stocks in the index with equal weight, including major banks, insurance companies, and investment firms.
Key Points:
- Diversified exposure to the Financials sector.
- Equal-weighting strategy potentially lowers concentration risk.
- Competitive expense ratio.
- Strong track record.
- High liquidity.
Risks:
- Market Risk: RWW is subject to market fluctuations affecting the Financials sector.
- Volatility: The ETF can experience higher volatility than broader market indices.
- Interest Rate Risk: Changes in interest rates can impact the financial performance of the holdings.
Who Should Consider Investing:
- Investors seeking targeted exposure to the Financials sector.
- Investors who prefer equal-weighted strategies.
- Investors with a medium to long-term investment horizon.
- Investors comfortable with moderate volatility.
Fundamental Rating Based on AI:
8.7/10
RWW demonstrates strong fundamental factors based on AI analysis. Its equal-weighting strategy, competitive performance, and high liquidity are attractive features. However, its concentration within the Financials sector and sensitivity to market volatility require consideration.
Resources and Disclaimers:
This overview utilizes data from Invesco's website, ETF.com, and Yahoo Finance (as of November 2023). The information provided should not be considered financial advice. Always conduct thorough research and consult with a financial professional before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco S&P 500 Equal Weight Financials ETF
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of all of the components of the S&P 500® Financials Index (the "parent index"). The parent index is designed to measure the performance of common stocks of all companies included in the S&P 500® Index that are classified as members of the financials sector, as defined according to the Global Industry Classification Standard ("GICS®").
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