iShares Russell Top 200 Growth ETF [IWY] Stock Forecast

For investors seeking momentum, iShares Russell Top 200 Growth ETF IWY is probably on radar. The fund just hit a 52-week high and is up 32.9% from its 52-week low of $114.66 per share.

If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the iShares Russell Top 200 Growth ETF (IWY), a passively managed exchange traded fund launched on 09/22/2009.

Style Box ETF report for IWY

IWY invests in large-cap U.S. stocks that exhibit growth characteristics. The fund has outperformed the S&P 500 index in the long run.

IWY is a concentrated large-cap growth ETF, selecting from the top 200 stocks in the Russell 1000 Index. Fees are 0.20% and the fund has nearly $5 billion in assets. IWY trades at 28x forward earnings and has only a marginally higher earnings growth rate than SPY. All three screens are backward-looking, a potential flaw with this historically top-performing ETF.

Style Box ETF report for IWY

Growth stocks will not do much growing in this high interest rate environment. The incremental rate hike plan by the U.S. Federal Reserve will lock the iShares Russell Top 200 Growth ETF in a bearish trend.

The IWY ends up being somewhat in line with the IVV, just twice as levered to tech exposures, which are growth oriented. Since growth stocks are more sensitive to longer term forecasts, they are more levered to certainty, and IWY should shift intensely with risk attitudes.

Style Box ETF report for IWY

SGDM and IWY saw massive volumes in yesterday trading session.