A slew of equal-weight exchange traded funds (ETFs) hit record highs on Tuesday. The PowerShares Russell 1000 Equal Weight Portfolio (NYSEArca: EQAL) was one of those funds. EQAL, which debuted in December, tracks the Russell 1000 Equal Weight Index, making the ETF a unique equal-weight competitor to the iShares Russell 1000 ETF (NYSEArca: IWB). EQAL…Click to read more at ETFtrends.com.
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