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  5. EQL: Can you recommend a hedged ETF that follows the S&P 500, but not with the Magnificent 7 having a lot of weight, as I feel these are overbought? [Invesco S&P 500 Equal Weight Index ETF]

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Q: Can you recommend a hedged ETF that follows the S&P 500, but not with the Magnificent 7 having a lot of weight, as I feel these are overbought? I really like ZUE but it has too much Magnificent 7. Looking for 10% appreciation first year including both capital appreciation and dividends.
Asked by Ron on September 30, 2024
5i Research Answer:
We would recommend an equal weight S&P 500 ETF. These put fixed weights of 0.20% on...
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