Record outflows from S&P 500 Equal Weight ETF

The S&P 500 Equal Weight ETF (RSP) has seen $2.0 billion in outflows so far in April, putting it on track for its largest monthly outflow on record. This dramatic reversal follows a record $6.0 billion in inflows posted by the fund in February, marking the largest swing in flows since the fund's inception. The sharp pivot in investor sentiment highlights significant volatility and a potential shift in market strategy away from equal-weighted exposure to large-cap US stocks.