For instance, the analysts hold an “underweight” ranking for the PowerShares Fundamental Pure Small Cap Core Portfolio (NYSEArca: PXSC), which has $15 million in assets and trades just over 800 shares daily. According to Morningstar, PXSC has a 0.45% bid/ask spread and currently sits at a 1.09% discount to its NAV. [A Look at Mid-Cap and Small-Cap ETFs]
On the other hand, the S&P analysts have an “overweight” ranking for the iShares Russell 2000 Index (NYSEArca: IWM), which has $19 billion in assets and trades over 30 million shares per day. According to Morningstar, IWM has a 0.01% bid/ask spared and trades at a 0.06% premium to its NAV.
For more information on ETFs, visit our ETF 101 category.
Max Chen contributed to this article.