- Exposure to mid-sized U.S. companies whose earnings are expected to grow at an above-average rate relative to the market
- Targeted access to a specific category of mid-cap domestic stocks
- Use to tilt portfolios toward growth stocks
Investors who seeking a mid-cap fund slightly tilted toward growth can examine assets like the iShares Russell Mid-Cap Growth ETF (IWP).
IWP seeks to track the investment results of the Russell Midcap Growth Index, which measures the performance of the mid-capitalization growth sector of the U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index.
The fund may invest the remainder of its assets in certain futures, options and swap contracts, cash and cash equivalents, as well as in securities not included in the underlying index, but which the advisor believes will help the fund track the underlying index. IWP investors get: