With smart or strategic beta exchange-traded funds receiving so much attention (and new assets), some investors might assume these funds are relatively new kids on the ETF block.
That is not the case.
At this point, equal-weight ETFs could be considered classics or the grandfathers of the strategic beta phenomenon.
Equal-Weight ETF RSP
Look at the Guggenheim S&P 500 Equal Weight ETF (NYSE: RSP). The equal-weight answer to traditional S&P 500 index funds celebrated its 12th anniversary in April and currently has $9.55 billion in assets under management.
Over the years, RSP has risen to acclaim for a good reason: Performance. Rather, out-performance of standard S&P 500 funds.
There has been dearth of coverage of this issue; with that, advisors and investors have poured into the Guggenheim ETF.
Indeed, RSP has rewarded their faith. Proving that fees are not the only thing that ...
/www.benzinga.com/trading-ideas/long-ideas/15/10/5928973/yes-this-equal-weight-etf-really-works alt=Yes, This Equal-Weight ETF Really Works>Full story available on Benzinga.com
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