Published on 17 Nov 2022 on Zacks via Yahoo Finance
Launched on 11/01/2006, the Invesco S&P 500 Equal Weight Financials ETF (RYF) is a smart beta exchange traded fund offering broad exposure to the Financials ETFs category of the market.
What Are Smart Beta ETFs?
The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.