The Betashares S&P 500 Equal Weight ETF (QUS) has surpassed $1 billion in assets as investors look beyond the US’ Magnificent Seven stocks.
The ETF provides exposure to 500 leading listed US companies, with each holding in the index weighted equally, providing exposure to US growth beyond the Magnificent Seven. The equal weight approach allows the portfolio to be rebalanced by selling higher priced shares and buying those which are lower priced.
During 2025, it received $190 million in inflows, the ETF provider said, as Australian investors looked beyond the major tech stocks and into other sectors.
The firm specifically flagged financials and industrials as being areas which are exhibiting strong performance, proving there is more to the US market than technology.
Industrials are the ETF’s largest sector allocation with 16.2 per cent followed by financials with 15.4 per cent.
Cameron Gleeson, senior investment strategist at Betashares, said: “Despite the dominance of US technology over the remainder of market-cap weighted S&P 500 Index over the past three years, many investors are looking for a more diversified exposure to US equities.
“They are seeking greater exposure the fiscal stimulus that is now flowing through the US economy, through other sectors like industrials, financials and even materials. The S&P 500 Equal Weight Index has outperformed the Magnificent Seven by 5 per cent calendar year-to-date, reflecting rising investor concern over the ever-rising capex being ploughed into AI.”
Founded in 2014, current holdings in QUS include chemical company Albemarle Corporation, shipbuilder Huntington Ingalls and miner Newmont. While it looks beyond technology, it does have a 13 per cent weight to the sector with companies such as Sandisk, Micron Technology and Intel.
This is the second Betashares ETF to hit $1 billion this month as its Betashares Asia Technology Tigers ETF (ASIA) also reached the milestone.
ASIA provides exposure to leading tech companies across China, Taiwan, and South Korea and spans consumer internet platforms as well as critical technology infrastructure providers.
Analysts say the surge reflects growing confidence in Asia’s role in the global artificial intelligence ecosystem, as companies such as Samsung, SK Hynix, and Alibaba supply the critical chips and AI infrastructure driving the next wave of innovation.
