Launched on February 22, 2008, the Invesco S&P MidCap 400 Revenue ETF (RWK) is a passively managed exchange traded fund designed to provide a broad exposure to the Mid Cap Value segment of the US equity market.
Midcaps historically outperform large caps, offer better downside protection, and currently trade at attractive valuations versus the S&P 500. RWK, the Invesco S&P MidCap 400 Revenue ETF, uses a revenue-weighted approach, delivering superior risk-adjusted returns and positive alpha. RWK is a buy for most investor styles, especially aggressive and growth, thanks to strong performance metrics, despite some index lag concerns.
Designed to provide broad exposure to the Mid Cap Value segment of the US equity market, the Invesco S&P MidCap 400 Revenue ETF (RWK) is a passively managed exchange traded fund launched on February 22, 2008.
| ARCA Exchange | US Country |
The fund is an investment entity that aims to closely match the performance of a specific index, which is designed to reflect the financial health and market performance of mid-cap companies in the United States. The focus is on investing in companies that are part of the S&P MidCap 400® Index, also known as the Parent index. This Parent index includes around 400 mid-sized companies that represent a substantial portion of the mid-cap market in the U.S. equity landscape. The main strategy of the fund is to allocate at least 90% of its total assets in securities that are listed on the index, ensuring that the investments are targeted towards companies with positive revenue generation.
The fund primarily offers investment strategies that are designed to track the performance of the S&P MidCap 400® Index. By investing mainly in the securities that compose the index, the fund seeks to replicate the market performance and yield of mid-cap companies that have demonstrated positive revenue production. This approach provides an efficient way for investors to gain exposure to the mid-cap segment of the U.S. stock market, which is known for its potential for growth and stability.
With its emphasis on mid-cap companies, the fund offers investors an opportunity to diversify their investment portfolio by tapping into the mid-cap market. The Parent index's selection of around 400 companies provides a broad spectrum of sectors and industries, representing the diversity and dynamism of the mid-cap universe in the U.S. equity market. This focus on mid-cap companies is suitable for investors seeking a balance between the growth potential of smaller companies and the stability of large-cap companies.