About RYT ETF
ETF Name: Invesco SP 500 Technology ETF (RYT)
Sector: RYT has invested 100% of its assets in Technology.
Geography: RYT has invested 100% of its assets in the US.
Fund Manager Name: Invesco
ETF Description: RYT provides exposure to large technology companies but its equal-weighting scheme skews it away from having a market-like portfolio. RYT allocates only a fraction of its overall assets to its top ten holdings. This produces sector tilts like an overweight to semiconductors and underweight to software & IT services.
What ETFdb says about it: RYT is more balanced than other alternatives, and follows a methodology that some investors believe will add value over the long haul.
Why is that Kristal there: A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R-Squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. RYT is easily tradeable, with manageable spreads and robust daily volume, while block liquidity is strong. However, it is an expensive fund but tracking is close. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.
Fund Manager Description: Invesco was incorporated in 1935, offers insightful financial strategies through their diversified product offerings and manages $987.8B. Invesco is an American independent investment management company that has branch offices in 25 countries with more than 7000 employees.
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