Invesco Debuts QQQ Innovation Suite in Partnership With Nasdaq

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Invesco Debuts QQQ Innovation Suite in Partnership With Nasdaq

Invesco debuted a brand new suite of funds in the present


Invesco debuted a brand new suite of funds in the present day that provides publicity to a set of traders who haven’t beforehand had direct entry to the NASDAQ-100 as a method for publicity to large-cap development corporations.

The Invesco QQQ Innovation Suite provides traders entry to the NASDAQ-100® Index and NASDAQ Subsequent Era 100 Index® via quite a lot of funding buildings and exposures that complement QQQ:

  • Invesco NASDAQ 100 ETF (QQQM)
  • Invesco NASDAQ 100 Index Fund (IVNQX – R6 Shares)
  • Invesco NASDAQ-100 Progress Leaders Portfolio (QQQG)
  • Invesco NASDAQ Subsequent Gen 100 ETF (QQQJ)

The Invesco QQQ ETF (QQQ), which started monitoring the NASDAQ-100 Index in 1999, is the fifth largest ETF listed within the U.S. with $130 billion in belongings beneath administration and the second most traded ETF within the U.S. based mostly on common day by day quantity traded.

Quick-term traders who prioritize liquidity may nonetheless discover the attributes of QQQ most acceptable; nevertheless longer-term “buy-and-hold” traders could also be most targeted on cost-savings and like the Invesco NASDAQ 100 ETF (QQQM), which prices 5bps lower than QQQ. Each longer- and shorter-term traders in search of publicity to the progressive mid-cap corporations listed on the Nasdaq could go for the Invesco NASDAQ Subsequent Gen 100 ETF (QQQJ).

John Hoffman, Head of Americas, ETFs & Listed Methods, Invesco, mentioned when the Invesco QQQ ETF (QQQ) launched 20 years in the past, the fund was a pioneer in simplifying how traders gained entry to corporations inside the NASDAQ-100 Index.

“With the launch of the Invesco QQQ Innovation Suite, we’re increasing on this and providing extra methods to entry corporations on the forefront of innovation,” Hoffman mentioned. “By constructing this suite with Nasdaq, Invesco will allow purchasers to pick the customized mixture of methods that most closely fits their wants and time horizons.”

By offering totally different funding buildings and barely totally different exposures, the Invesco QQQ Innovation Suite acts as a “one cease store” for the NASDAQ-100 corporations, plus publicity to the following 100 up-and-coming innovators. This enlargement will in the end allow traders with the potential to tilt their funding publicity in the direction of the attributes – together with various funding time horizons, share value or liquidity wants – they most worth for his or her funding targets.

Invesco’s new suite additionally provides publicity to a set of traders who haven’t beforehand had direct entry to the NASDAQ-100 as a method for publicity to large-cap development corporations. Sure advisors that choose a Mutual Fund, corresponding to suppliers of outlined contribution investment-only (DCIO) retirement plans can now generate core NASDAQ-100 publicity from the Invesco NASDAQ 100 Index Fund (IVNQX) mutual fund. These traders all in favour of an outlined scheduled maturity date and extra focused basic publicity could look in the direction of the Invesco NASDAQ-100 Progress Leaders Portfolio (QQQG), a unit funding belief.

“The resilience of QQQ is a testomony to the energy of the NASDAQ-100 Index, and to the enduring partnership of Invesco and Nasdaq,” mentioned Sean Wasserman, Vice President and Head of Index and Advisory Providers for Nasdaq. “This additional expands the NASDAQ-100 ecosystem in a means that brings a brand new degree of entry and innovation to the investing public.”

The NASDAQ-100 Index tracks the 100 largest non-financial corporations listed on the Nasdaq Inventory Trade, capturing corporations with a legacy of utilizing innovation to disrupt their respective markets. The Invesco NASDAQ Subsequent Gen 100 ETF (QQQJ) extends this idea additional by providing entry to the “subsequent 100” non-financial corporations listed on the Nasdaq, exterior of the NASDAQ-100 Index, providing a mid-cap different to the NASDAQ-100.

For extra info, go to invesco.com.

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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.



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