iShares S&P 500 Equal Weight

ETF description

This ETF provides exposure to a group of large companies in the United States, but instead of giving more weight to the biggest companies, it treats all included businesses equally. This means that smaller companies in the group have the same influence on the ETF’s performance as the larger ones. The ETF includes companies from various industries, such as technology, healthcare, finance, and consumer goods.

By weighting all companies equally, the ETF may react differently to market movements compared to similar ETFs that give more weight to the largest firms. This ETF may appeal to investors who are looking for an alternative way to invest in well‑known U.S. companies without concentrating too much on the largest firms.

Issuer details

iShares ETFs are issued and managed by BlackRock, the world’s largest asset management company.

With 800+ products globally and over $2trn in assets (as at June 2024), iShares ETFs are a flexible, low‑cost way for investors to gain exposure to various market segments, including fixed income, emerging markets and broad‑based indexes.

Index details

The S&P 500® Equal Weight Index (EWI) is the equal‑weight version of the widely‑used S&P 500. The index includes the same constituents as the capitalization weighted S&P 500, but each company in the S&P 500 EWI is allocated a fixed weight ‑ or 0.2% of the index total at each quarterly rebalance.