Seeking Alpha

The lure of equal-weight funds - which tweak popular indexes by shifting money from the highest...

The lure of equal-weight funds - which tweak popular indexes by shifting money from the highest cap stocks to smaller firms - is felt on days like today. With the QQQ -0.7%, the QQEW +0.9%, the QQQE flat. YTD, the equal-weighted tech funds are outperforming the QQQs by 360-460 bps. SPY +0.4% vs. RSP +0.7% today.
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Comments (2)
  • bbro
    , contributor
    Comments (10605) | Send Message
     
    RSP = IJH or MDY
    24 Jan 2013, 11:11 AM Reply Like
  • muoio
    , contributor
    Comments (2957) | Send Message
     
    I am large SPY and in extended hours last night I watched the real time correlation of AAPL and SPY on the screens.

     

    Got to love SPY and rewards were dealt this AM.

     

    But AAPL is headed clearly for ~$425 so we have more "benefit" to look forward to.

     

    YIKES!
    24 Jan 2013, 12:08 PM Reply Like
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