The day-to-day market headlines have long been dominated by mega-cap technology names like Apple, Google, Amazon, and Facebook. These titanic forces have become so ingrained in the investment narrative that many may have missed the quiet ascension of small cap stocks to new all-time highs last week.
The iShares Russell 2000 ETF (IWM) is one way for investors to track the small-cap segment of the market in a low-cost and highly liquid manner. This exchange-traded fund is made up of 2000 U.S. stocks with a weighted average market capitalization of $2.4 billion. It represents approximately 8% of the public investment market within the United States. IWM charges an expense ratio of 0.20% and has nearly $46 billion in assets under management.
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