2024-06-06 06:49:28 ET
Summary
- The Invesco S&P MidCap 400 Revenue ETF offers an alternative approach to mid-cap investing, outperforming the S&P MidCap 400 but lagging behind the S&P 500.
- RWK has a relatively low price-to-earnings ratio, making it attractive in a market with premium valuations.
- RWK's sector allocation is overweight in consumer cyclical and consumer defensive sectors, but underweight in real estate and healthcare.
The Invesco S&P MidCap 400 Revenue ETF ( RWK ) is among those ETFs that follow a different approach away from a most common stock index, such as a typical mid-cap stock index. While RWK's performance has not been particularly impressive over the years, it has outpaced the S&P MidCap 400 index. However, it has lagged the S&P 500, as mage-caps, notably tech companies, have led the market for quite a while....
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RWK: Performance Not Bad For This Low Valuation ETF