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Invesco launches ETF to maximize on the tech concentration craze - TL;DR CNBC

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.IXICMSFTNVDA.NDXQQQ

Keywords: nvidia corppersonal investingmicrosoft corpbusiness newscnbc magnificent 7 indexmarketsnasdaq compositeexchange-traded fundsnasdaq 100 indextechnologywall streetapple incportfolio managementcatastropheinvestment strategypowershares qqq trustinvesco top qqq etfstock marketsinvestors

Source: https://www.cnbc.com/2024/12/14/invesco-launches-etf-to-maximize-on-the-tech-concentration-craze.html


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