After just a few months, on Thursday, Invesco Ltd. (NYSE: IVZ), a number one supplier of ETFs, intr
After just a few months, on Thursday, Invesco Ltd. (NYSE: IVZ), a number one supplier of ETFs, introduced that the Invesco NASDAQ 100 ETF (QQQM) and the Invesco NASDAQ Subsequent Gen 100 ETF (QQQJ) collectively have gathered $1 billion in belongings underneath administration (AUM).
The 2 ETFs celebrated three months of historical past yesterday, as they had been launched on October 13, 2020, as a part of the Invesco QQQ Innovation Suite. The Suite presents traders a wide range of funding constructions and exposures that entry the NASDAQ-100® Index and NASDAQ Subsequent Era 100 Index®.
“The Invesco QQQ Innovation Suite was launched to supply purchasers with extra methods to entry the expansion fuelled by the modern corporations listed on the Nasdaq Inventory Trade,” stated John Hoffman, Americas Head, ETFs & Listed Methods, Invesco. “We’re happy to see that the sturdy efficiency of the QQQM and QQQJ ETFs has resonated with traders and generated stable demand that allowed us to hit a $1 billion AUM milestone in simply three months.”
The Invesco NASDAQ 100 ETF (QQQM) presents traders entry to the worldwide development corporations included within the NASDAQ-100 Index, the 100 largest non-financial corporations listed on the Nasdaq Inventory Trade, at 5 foundation level lower than the Invesco QQQ ETF (QQQ).
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, outdoors of the NASDAQ-100 Index, providing a mid-cap various to the large-cap NASDAQ-100 Index.
“Firms included within the NASDAQ-100 Index have traditionally proven a constant dedication to reinvesting again into their enterprise by means of Analysis & Growth, typically reinvesting a better proportion of their gross sales to develop new expertise that capitalizes on transformative, long-term themes within the market,” explains Hoffman.
He continues, “Maybe that is the rationale why lots of the constructive technology-enabled options and medical developments throughout the present disaster have been generated by corporations included within the NASDAQ Indexes. Innovation has by no means been so essential than at this era in time.”
Together with the Invesco QQQ Innovation Suite, the Invesco US ETF line-up of 226 ETFs presently has over $300 billion in AUMi.
For extra details about Invesco ETFs, please go to the devoted web site: https://www.invesco.com/us-etf/en/innovation-suite.html
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