Latest Launch: A Trio of Russell 200 MegaCap ETFs
Tuesday, September 29th, 2009Ron Rowland submits:
A new trio of mega-cap ETFs from Barclays were launched last Friday (9/25/09), but investors failed to take notice and the first trades didn’t cross the tape until Monday. The new ETFs are all based on Russell 200 indexes, which track the largest 200 US-based companies: iShares Russell Top 200 Index Fund (IWL) (IWL overview), iShares Russell Top 200 Value Index Fund (IWX) (IWX overview), and iShares Russell Top 200 Growth Index Fund (IWY) (IWY overview).
The objective, transparent Russell methodology for slicing the market into various capitalization segments is widely respected. Other ETFs based on Russell capitalization and style categories are among the most widely traded “style-based†ETFs. We have no reason to doubt these new products will be any different.
