Invesco launches ETF to maximize on the tech concentration craze
Publishing timestamp: 2024-12-14 11:00:01
Summary
Invesco has launched a new exchange-traded fund, Invesco Top QQQ ETF (QQBIG), designed to give investors exposure to the top 45% of companies in the Nasdaq-100 Index. The ETF is up around 5.5% since its debut and aims to capture the megacap concentration story within the Nasdaq. Other new funds have also been launched to allow investors to be concentrated on megacaps or specifically avoid them, reflecting a battle of markets.
Sentiment: NEUTRAL
Tickers: AAPL, .IXIC, MSFT, NVDA, .NDX, QQQ,
Keywords: nvidia corp, personal investing, microsoft corp, business news, cnbc magnificent 7 index, markets, nasdaq composite, exchange-traded funds, nasdaq 100 index, technology, wall street, apple inc, portfolio management, catastrophe, investment strategy, powershares qqq trust, invesco top qqq etf, stock markets, investors,