Published on 11 Oct 2021 on Zacks via Yahoo Finance
Should You Invest in the Invesco S&P 500 Equal Weight Energy ETF (RYE)?
If you're interested in broad exposure to the Energy - Broad segment of the equity market, look no further than the Invesco S&P 500 Equal Weight Energy ETF (RYE), a passively managed exchange traded fund launched on 11/01/2006.
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Energy - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 4, placing it in top 25%.