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Invesco S&P 500 Equal Weight Materials ETF
RSPM (Invesco S&P 500 Equal Weight Materials ETF) is an index Materials Equity ETF by Invesco. With a 0.40% MER, it provides diversified exposure through 28 holdings. Quarterly distribution with a 1.52% yield.
RSPM by Invesco is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.40% MER, its fees are in line with category averages.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).