iShares Russell Mid-Cap Growth ETF (IWP)

Profile

iShares Russell Mid-Cap Growth ETF is an exchange-traded fund designed to track the performance of U.S. mid-cap companies that exhibit pronounced growth characteristics. It seeks to replicate the Russell Midcap Growth Index, a subset of the broader Russell Midcap universe that targets firms with faster earnings and revenue expansion profiles, as defined by FTSE Russell. The fund generally invests at least 80% of its assets in the index’s constituents, providing diversified exposure across sectors such as information technology, health care, consumer discretionary, and industrials that often drive innovation and business scaling in the mid-cap segment. With hundreds of holdings and a market-cap-weighted approach, it captures the breadth of mid-cap growth leadership while limiting concentration in any single name. Launched in 2001 and managed by BlackRock’s iShares platform, the ETF serves as a liquid, rules-based vehicle for accessing the mid-cap growth sleeve of the U.S. equity market, often used for strategic style allocation, benchmark-aware portfolios, and core-satellite structures seeking targeted growth exposure.