IWY: Excellent Record, But The Relative Case Has Weakened
The iShares Russell Top 200 Growth ETF (IWY) has demonstrated impressive long-term performance, achieving a 457% return over the past decade. However, concerns have arisen regarding its high concentration in mega-cap technology stocks and a rich price-to-earnings ratio of 40x. As a result, the relative investment case for IWY appears to have weakened compared to its peers.
- ▪IWY has delivered a 457% return over the last ten years.
- ▪The ETF is currently characterized by a high concentration in mega-cap tech stocks.
- ▪IWY's price-to-earnings ratio stands at 40x, which is considered rich.
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