Published on 21 Mar 2023 on Zacks via Yahoo Finance
Designed to provide broad exposure to the Materials - Broad segment of the equity market, the Invesco S&P 500 Equal Weight Materials ETF (RTM) is a passively managed exchange traded fund launched on 11/01/2006.
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
Additionally, sector ETFs offer convenient ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Materials - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 11, placing it in bottom 31%.