A smart beta exchange traded fund, the Invesco S&P 500 Equal Weight Financials ETF (RSPF) debuted on 11/01/2006, and offers broad exposure to the Financials ETFs category of the market. What Are Smart Beta ETFs? Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy. Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, ...