ETF Tendencies CEO Tom Lydon mentioned the Invesco NASDAQ Subsequent Gen 100 ETF(QQQJ) on this week
ETF Tendencies CEO Tom Lydon mentioned the Invesco NASDAQ Subsequent Gen 100 ETF(QQQJ) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Present.
QQQJ tracks a modified market-cap-weighted, slender index of 100 non-financial shares next-eligible for inclusion within the NASDAQ-100 Index.
QQQJ is Invesco’s new launch – a junior model of the favored QQQ. The fund has a concentrate on extra mid-sized firms or the “subsequent 100” nonfinancial Nasdaq-listed firms.
The Invesco QQQ ETF (QQQ) started monitoring the NASDAQ-100 Index in 1999 and is the fifth-largest ETF listed within the U.S. with $130 billion in property below administration. It is also the second most traded ETF within the U.S. primarily based on the typical every day quantity traded.
Why QQQJ?
Lengthy- and short-term buyers in search of publicity to the progressive mid-cap firms listed on the Nasdaq might go for QQQJ. It is A part of Invesco’s “innovation suite,” which allows buyers to pick the customized mixture of methods that most closely fits their wants and time horizons. The QQQ Innovation Suite acts as a “one-stop-shop” for the NASDAQ-100 firms, plus publicity to the following 100 up-and-coming innovators.
It allows buyers with the potential to tilt their funding publicity in the direction of the attributes – together with various funding time horizons, share worth, or liquidity wants – they most worth for his or her funding targets.
The elements are ranked 101 to 200 by market cap, whereas Nasdaq-100 QQQ ranks the highest 100. It could have the potential to someday be part of the NASDAQ-100. 35 firms are at the moment in QQQ that was once a part of the index behind QQQJ and graduated.
The commonality is that many of those firms are utilizing expertise to disrupt the industries they’re in, slightly than being categorised within the Know-how sector. These firms use innovation and expertise to create aggressive benefits throughout a number of sectors and industries past tech.
Hearken to the total podcast episode on the QQQJ ETF:
For extra podcast episodes that includes Tom Lydon, go to our podcasts class.
Learn extra on ETFtrends.com.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.