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Equal-weight S&P 500's flagship trade crosses $100 billion as the strategy leads the 2026 market

8/23/2026

$100 billion has accumulated in the equal-weight S&P 500's flagship trade, and the strategy is running ahead of the broader U.S. Money has flooded into equal-weight exchange-traded funds throughout the year.

Equal-weight construction assigns each S&P 500 constituent an identical portfolio weight, a direct contrast to cap-weighted indexing.

In a cap-weighted index, the largest stocks by market value command the largest allocations and drive the bulk of index returns. Equal-weight removes that concentration.

Each rebalancing cycle resets every name back to its equal share. The $100 billion in the flagship trade is the headline figure in a year-long flow into the format.