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Ishares Russell 3000 Growth Index

IWZ is an exchange-traded fund (ETF) that tracks the Russell 3000 Growth Index, which is a subset of the Russell 3000 Index. The Russell 3000 Index is comprised of the largest and most liquid U.S. stocks, which represent approximately 98% of the investable U.S. equity market. The growth index includes companies that exhibit higher growth characteristics, such as higher forecasted earnings growth and higher relative valuation ratios, than the broader market.

The IWZ ETF is managed by BlackRock's iShares division, and it aims to replicate the performance of the Russell 3000 Growth Index by holding a portfolio of stocks that closely matches the index's constituents.

In terms of earnings, the companies included in the Russell 3000 Growth Index typically have higher earnings growth rates than the overall market. According to Russell Investments, as of December 31, 2020, the earnings growth rate for the Russell 3000 Growth Index over the previous 12 months was 7.4%, compared to 0.3% for the Russell 3000 Index.

In terms of growth, the Russell 3000 Growth Index includes companies that are expected to grow faster than the broader market. This is reflected in the index's higher price-to-earnings (P/E) ratio, which was 26.3x as of December 31, 2020, compared to 21.4x for the Russell 3000 Index.

However, it's important to note that investing in IWZ or any other ETF involves risks, including the possibility of loss. Investors should carefully consider the investment objectives, risks, charges, and expenses of the fund before investing. This information can be found in the prospectus, which can be obtained by visiting the issuer's website.

Overall, IWZ is a suitable investment option for investors who are bullish on U.S. equities and are looking for growth exposure, particularly in companies with high earnings growth potential.