Invesco adds four 'Qs' to its fund lineup
https://seekingalpha.com/news/3621998-invesco-adds-four-qs-to-fund-lineup
With $134B in AUM, the Invesco QQQ Trust (NASDAQ:QQQ) is one of the globe's largest ETF and accounts for more than 40% of Invesco's (NYSE:IVZ) ETF assets.
- Included is the Invesco Nasdaq 100 ETF (NASDAQ:QQQM), which holds the same names as the QQQ, but costs five basis points less than its 0.2% fee.
- Also launched is the Invesco Nasdaq Next Gen ETF (NASDAQ:QQQJ), which will have the next largest 100 stocks. A backtest going back to 2010 found 54 companies in this junior ETF would have graduated to the Nasdaq 100.
- There's also the Invesco Nasdaq 100 Growth Leaders Portfolio (QQQG), an actively-managed ETF holding the 25 stocks in the QQQ that have the strongest growth prospects.
- Finally, the Invesco 100 Index Fund (MUTF:IVNQX) is a mutual fund aimed at retirement-account investors who may not be able to hold ETFs.