IWP: A Mid-Cap Growth Fund That Selectively Invests In High-Growth Niche Segments

iShares Russell Mid-Cap Growth ETF (NYSEARCA:IWP) is an exchange traded fund that invests in growth stocks of mid-cap companies operating across diversified sectors. IWP seeks long-term growth of capital. Earnings of mid-cap stocks are expected to grow at an above-average rate relative to the market. IWP has an investable asset of $12.37 billion, and has an expense ratio of 0.23 percent. The fund has a turnover ratio of 26 percent. It generates low yield, but has posted double-digit total return both over the short-run and in the long-run. The fund has picked stocks that are working on products, platforms or services that are operating in niche or unusual segments and are currently in demand.

seekingalpha.com     Sep 27, 2023