XLU - Should You Invest in the Invesco S&P 500 Equal Weight Utilities ETF? | Benzinga
If you're interested in broad exposure to the Utilities - Broad segment of the equity market, look no further than the Invesco S&P 500 Equal Weight Utilities ETF (ARCA:RSPU), a passively managed exchange traded fund launched on 11/01/2006.
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Utilities - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 2, placing it in top 13%.
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The fund is sponsored by Invesco. It has amassed assets over $266.75 million, making it one of the average sized ETFs attempting to match the performance of the Utilities - Broad segment of the equity market. RSPU seeks to match ...