USMC: Bigger is Better with This Mega-Cap ETF 

The Principal U.S. Mega-Cap ETF (NASDAQ:USMC) believes that bigger is better, as it invests in the largest S&P 500 (SPX) companies. Is this a viable strategy and worth a look from investors? Let’s find out.  

What is the USMC ETF’s Strategy?

The Principal U.S. Mega-Cap ETF pursues long-term capital appreciation by investing in U.S. companies “with very large (‘mega’) market capitalizations at the time of purchase,” according to Principal Asset Management. It defines companies with mega market caps as those with market caps in the top 50th percentile of the S&P 500.