Key stats
About INVESCO S&P 500 EQUL WEIGHT IDX ETF CAD UNITS
Expense ratio
0.26%
Home page
Inception date
Apr 27, 2018
ISIN
CA46137P1036
The fund simply takes all the stocks in the S&P 500 and weights them equally. Equal weighting greatly increases the footprint of smaller S&P 500 stocks (many of which we consider to be midcaps), which results in higher beta for the portfolio. However, equal weighting also lowers concentration, reducing blow-up risk from any one name. While one should expect some sector biases here as well, EQL does not equal-weight sectors as some peer equal-weight ETFs do. Quarterly rebalancing implements the contrarian theme baked into all equal-weight plays: sell winners and buy losers.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region