Invesco S&P 500 Equal Weight ETF

RSP

Market cap $73.9B

Designed to provide broad exposure to the Style Box - Large Cap Blend category of the market, the Invesco S&P 500 Equal Weight ETF (RSP) is a smart beta exchange traded fund launched on 04/24/2003.

The S&P 500 has enjoyed another respectable year of gains, now up just north of 15% year to date despite the bout of November volatility.

There are easy and inexpensive ways to broaden your stock market exposure, even within the S&P 500.

Last week's economic landscape was defined by conflicting signals from key indicators, suggesting a growing divergence between investor behavior and underlying consumer health. Margin debt surged to a new high while consumer confidence simultaneously fell to near-historic lows.

The S&P 500 had a volatile week, marked by sharp daily swings that saw the index fall below its 50-day moving average for the first time since April. The index ultimately posted a weekly loss of -2.0%.

Launched on April 24, 2003, the Invesco S&P 500 Equal Weight ETF (RSP) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.

Vanguard S&P 500 ETF has an expense ratio of just 0.03%, making it a low-cost winner. The S&P 500 currently trades near all-time highs and is heavily influenced by a few tech stocks.

The S&P 500 experienced a volatile Friday, which ultimately ended with the index posting a minor weekly gain of 0.1%. This marks the fourth weekly gain in the past five weeks.

Last week's economic data sent mixed signals. Consumer sentiment plummeted to a near-record low on economic anxiety, and the manufacturing sector continued its long contraction.

The S&P 500 has only reached this high a valuation three times in its history. "Magnificent Seven" stocks account for over a third of the S&P 500.