L&G launches S&P 500 Equal Weight Index fund to address overconcentration risk

Managed by Russell Jones, the L&G S&P 500 Equal Weight index fund will give traders equally weighted publicity to members of the S&P 500 in an try to keep away from focus in mega-cap tech shares. 
In an effort to obtain this, the fund will subsequently stay underweight on a number of the largest names within the index.
Authorized & Basic non-public markets chief appointed to move retail division in management shake-up
An absence of diversification of earnings inside the S&P 500 in recent times has led some traders to change into “over-exposed to volatility within the mega-cap tech sector”, L&G famous. 
A…