Invesco S&P 500 Equal Weight ETF Hits $100 Billion Milestone as Investors Seek Diversification from Tech Giants
The Invesco S&P 500 Equal Weight ETF (RSP) reached a milestone of $100 billion in assets under management on August 19, marking a significant shift in investor interest toward equal-weight strategies. While market-cap-weighted funds like the iShares Core S&P 500 ETF (IVV) have been dominated by mega-cap technology giants such as Nvidia and Microsoft, the RSP provides a more balanced approach by assigning each of the 500 companies roughly the same weight. This structural difference has allowed RSP to outperform the broader market by nearly 3.58 percentage points year-to-date, as smaller stocks have shown stronger performance relative to the heavyweights. Analysts suggest that equal weighting helps mitigate concentration risk, particularly as the