Published on 22 Nov 2022 on Zacks via Yahoo Finance
Should You Invest in the Invesco S&P 500 Equal Weight Technology ETF (RYT)?
If you're interested in broad exposure to the Technology - Broad segment of the equity market, look no further than the Invesco S&P 500 Equal Weight Technology ETF (RYT), a passively managed exchange traded fund launched on 11/01/2006.
An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.
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. Technology - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 4, placing it in top 25%.