News for iShares Trust - iShares Russell 2000 ETF (0JGN.L)

The Russell 2000 index is home to approximately 2,000 of the smallest companies listed on U.S. stock exchanges. While the major market indexes like the S&P 500 (SNPINDEX: ^GSPC) have soared to new highs recently, the Russell still technically hasn't grown because it hasn't closed above its previous record level from 2021. Since the Russell only needs to climb by another 8.9% to close at a record high, those factors could be enough to trigger a new bull market.

Indeed, by allocating large portions of a portfolio to funds that track major indexes, investors can feel secure knowing that their portfolio will largely capture the stock market's growth. Let's have a closer look at one excellent index-linked exchange-traded fund (ETF) and see if it could be a millionaire-maker. What is the Invesco QQQ Trust Series I ETF?

Tom Lee believes rate cuts and cheap valuations could drive the small-cap Russell 2000 much higher in the coming months.

The billionaire, who was early in Nvidia's recent upswing, is now banking on a turnaround in a certain market segment.

History has shown that small caps typically outperform large caps in this type of market.

For funds like IJR, an effective way to evaluate is to calculate the yield spread. Check out why we think IJR's current valuation is at an attractive level.

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