iShares Russell Midcap Growth ETF(AMEX:IWP)

IWP is a solid representation of midcap growth despite some small quirks. By selecting from the 800-smallest Russell 1,000 companies, the fund ends up going quite a bit outside of what we consider proper boundaries for midcap stocks. While other funds in the segment tend to tilt toward smaller companies, IWP leans large. Investors should ensure that the fund doesn`t overlap too much with their large cap positions. IWP`s comprehensive portfolio exhibits mild sector tilts compared to our neutral benchmark. The fund uses forecast earnings growth and historical sales/share growth to select stocks. Overall, the fund delivers a viable and liquid growth portfolio with a large cap bias.