ETF Boom Continues: Invesco’s Three New Ways to Spec on Tech

By: Montana Timpson

The Invesco QQQ Trust (QQQ) is extending a lengthy run of outperforming the S&P 500, up 45% over the past year alone.

To date, QQQ’s total assets under management are north of $149 billion, and growing — so it came as no surprise when Invesco announced the launch of new funds inspired by QQQ.

The Invesco 100 ETF
The Invesco 100 ETF (QQQM) is a cost-effective alternative to QQQ, and it has multi-year time horizons. QQQ’s cost is 0.20% per year, while QQQM charges 0.15% on an annual basis.

 By creating a more inexpensive version of the well-known ETF, Invesco gains the benefit of retaining full price on their original, institutionally favored product without lowering QQQ’s fee.

The Invesco 100 ETF is up 4.27% this year since its inception in October 2020. 

The Invesco NASDAQ-100 Growth Leaders Portfolio
The Invesco NASDAQ-100 Growth Leaders Portfolio (QQQG) is an actively managed fund, unlike QQQ, which is passive. QQQG is unique, in that focuses on the 25 Nasdaq-100 companies deemed to have the best growth prospects.

As an actively managed large-cap growth fund, none of QQQG’s components exceed weights of 4.1%. The ETF’s roster includes tech giants including Amazon (AMZN) and Apple (AAPL).

Invesco NASDAQ Next Gen 100 Fund (QQQJ)
The Invesco NASDAQ Next Gen 100 Fund (QQQJ) tracks the NASDAQ Next Generation 100 Index, which is comprised of the 100 stocks next up to join the Nasdaq-100.

Approximately half of QQQJ’s holdings are in technology, with stocks like Roku (ROKU) and Wynn Resorts (WYNN) included in the roster.

QQQJ’s cost is 0.15% per year, and most of its holdings are large-cap names or on the higher end of the mid-cap spectrum. 

The Invesco NASDAQ Next Gen 100 Fund is up 12.36% this year.

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