Investors have poured record amounts of money into a fund that spreads its assets equally across the S&P 500, as concerns mount that Wall Street’s returns have become overly reliant on a handful of technology titans.
The Invesco S&P 500 Equal Weight exchange traded fund took in about $14.4bn in the second half of 2024, according to data from Morningstar, as investors hedged themselves against the dominance of big technology stocks.
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