IWY ETF has outperformed the S&P 500 since inception by almost 2x. Index methodology incorporates consensus forward EPS growth in portfolio construction. The EPS growth filter should help avoid stagnating or mature large-cap stocks from the portfolio.
The recent market drop has created buying opportunities. During the panic, IWY was immediately bid at Monday's open. Growth stocks are/were a crowded trade. The dollar/yen carry trade unwind led to forced selling. Concerns over the US economy may be overblown. Growth stocks are still potentially attractive.
If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the iShares Russell Top 200 Growth ETF (IWY), a passively managed exchange traded fund launched on 09/22/2009.
iShares Russell Top 200 Growth ETF has a high exposure to technology stocks, which have been a fast-growing sector. IWY has outperformed its peer fund, Vanguard Growth ETF, and the S&P 500 index in the past 2 years. IWY's focus on large-cap stocks has contributed to its strong performance, as large-cap stocks tend to perform well in the long run.