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IWL - Broadening Participation In Equity Market Asset Classes
iShares Russell Top 200
One favorable aspect of the recent equity market performance is the broadening participation of asset classes other than the large-cap FANGMA stocks.
Since September 2020, small-cap and mid-cap stocks have experienced a significant reversal in performance and are far outpacing the FANGMA stocks' return as well as the S&P 500 Index itself.
Also notable is the return disparity of the Invesco S&P 500 Equal Weighted Index compared to the S&P 500 Index, a capitalization-weighted index.