IWP - IWP: Better Than Large-Cap Growth Now

2024-05-23 05:57:51 ET

Summary

• Mid-caps and small-caps are expected to catch up to mega-cap momentum trades, making the iShares Russell Mid-Cap Growth ETF worth considering.
• The ETF is well-diversified with 330 holdings and a modest expense ratio of 0.23%.
• The top sectors in the fund are Information Technology, Industrials, and Health Care, which are expected to perform well in the future.

I'm not bullish on large-caps. We are due for broadening out, with more stocks playing catch up to the mega-cap momentum trades that have soared since last year. That means mid-caps and small-caps move next, either by being up more or down less in whatever happens ahead. Small-caps are still challenged by lingering concerns over debt in a high interest rate environment, which makes mid-caps a bit of a sweet spot. If you agree, and still favor growth over value, then the iShares Russell Mid-Cap Growth ETF ( IWP ) is worth considering....

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