The Invesco S&P 500 Equal Weight ETF (RSP) is an exchange-traded fund (ETF) that tracks the performance of the S&P 500 Index, which is comprised of the 500 largest publicly traded companies in the US. The fund's investment strategy is to allocate its assets equally across all the securities in the index, rather than weighting them by market capitalization. This approach provides investors with a more balanced exposure to the US stock market, reducing the influence of any single stock or sector.
The ETF's portfolio is designed to replicate the S&P 500 Index, which is calculated and maintained by the index provider, S&P Dow Jones Indices. The index provider uses a rigorous methodology to select and weight the constituent securities, ensuring that the index remains a representative benchmark of the US equity market. By tracking this index, the RSP ETF provides investors with broad diversification and exposure to a wide range of industries and sectors.
As a US-domiciled ETF, the RSP is listed on the NYSE Arca exchange and is available for trading by investors globally. For more information on the fund, including its investment objectives, risks, and performance, investors can visit the Invesco website at https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&ticker=RSP.