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Invesco S&P 500 Equal Weight ETF (RSP)
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Invesco S&P 500 Equal Weight Index ETF (EQL)
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Invesco NASDAQ 100 Equal Weight Index ETF (QQEQ)
Q: Hello, Would you please provide your comments on EQL as a safety play (reduce MAG7 weight) to VFV? I hold a very oversized position between VFV & VOO and am looking for your recommendation for an equal weight in CA$. Could you also provide a US$ version that you would recommend?
Thank you.
Thank you.
5i Research Answer:
We think EQL is a solid option as a safety play for an equal weight CAD fund if the goal is to reduce MAG7 exposure. EQL is very large and has a low fee which makes it attractive. Another CAD option would be QQEQ which provides equal weight exposure to the NASDAQ 100. RSP would be the direct USD alternative to EQL which we would also recommend.