Slew of Equal-Weight ETFs Hit Record Highs

A slew of equal-weight exchange traded funds (ETFs) hit record highs on Tuesday. The PowerShares Russell 1000 Equal Weight Portfolio (NYSEArca: EQAL) was one of those funds. EQAL, which debuted in December, tracks the Russell 1000 Equal Weight Index, making the ETF a unique equal-weight competitor...