QQQ Gets an Equal Weight Buddy
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. Sometimes it’s nice to spread out. Case in point: Equal-weight funds are having a bit of a moment. By allocating assets evenly, they avoid high concentrations in a handful of stocks. This year, that has helped a few such funds temper the magnitude of losses that traditional large cap index funds have seen. Invesco’s S&P 500 Equal Weight ETF (RSP), for example, has returned -1.23%, compared ...