BlackRock CEO launches WEQW ETF that turns tech dominance upside down
Key Points
- BlackRock's new WEQW ETF offers an equal-weighted approach, ...
BlackRock just dropped a bombshell that has the "Magnificent Seven" tech giants looking a bit less magnificent. Their new iShares MSCI World Sector & Country Neutral Equal Weight UCITS ETF (WEQW) launched on September 12th, and it's basically the anti-tech fund your portfolio never knew it needed.
When Size Doesn't Matter (For Once)
Here's where things get spicy: While Nvidia flexes its 5.4% weight in the traditional MSCI World index like the gym bro who never skips chest day, WEQW puts it on a strict diet down to just 0.26%. That's not a typo - we're talking about a 95% haircut for the ...
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