iShares Russell 2000 ETF Surges Ahead: Outperforms S&P 500 and QQQ Amid Rate Cut Hopes

July 21, 2024
iShares Russell 2000 ETF Surges Ahead: Outperforms S&P 500 and QQQ Amid Rate Cut Hopes
  • The iShares Russell 2000 ETF (IWM) continues its impressive surge in stock price, outperforming popular funds like the SPDR S&P 500 and Invesco QQQ ETFs.

  • This momentum is driven by positive consumer inflation data in the US, leading the Federal Reserve to hint at potential interest rate cuts.

  • The rebound in small-cap stocks, previously impacted by higher rates, has contributed to IWM's success.

  • Key sectors driving IWM's performance include biotech, health, insurance, and technology.

  • Technical analysis suggests the ETF is on track to rise further, with resistance points at $235 and $250.

  • In contrast, the iShares Russell 1000 Growth ETF (IWF) recently saw a significant $163.8 million inflow in shares outstanding.

  • Top components of IWF include Progressive Corp. (PGR) and Arista Networks Inc (ANET).

  • IWF is a Large-Cap Momentum ETF with significant exposure to the Technology sector, particularly Software & Programming.

  • Validea's ETF fundamental report offers detailed analysis of IWF's exposure to major investing factors, providing valuable insights for investors.

Summary based on 3 sources


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Sources


ETF Fundamental Report for IWF

Nasdaq • Jul 21, 2024

ETF Fundamental Report for IWF

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