Invesco, a renowned American investment management company, recently initiated an exchange-traded fund (ETF) with the aim to offer investors a chance to profit from the leading 45% of businesses listed on the Nasdaq-100 Index. This new ETF is being managed by Brian Hartigan, Invesco’s global head of ETFs and index instruments, who also runs the Invesco QQQ Trust (QQQ), ranked as the fifth-largest ETF worldwide by VettaFi. Now, Hartigan is also overseeing the Invesco Top QQQ ETF (QBIG), which was launched on December 4th.
Hartigan believes that there’s an existing demand among investors to tap into the massive market capitalization narrative inside the Nasdaq. He mentioned that investors are keen on maximizing their exposure and capturing the primary elements that drive returns in the Nasdaq. This was revealed during his appearance on CNBC’s “ETF Edge” this week.
As of the recent update, some of the largest holdings of Invesco Top QQQ ETF include industry giants like Apple, Nvidia, and Microsoft, as stated on Invesco’s website. Hartigan pointed out that investors can use similar funds to achieve a balanced risk in their portfolio. He further explained that the exactness with which investors are using ETFs aids in maintaining a balanced concentration for their portfolios.
Since its inception, the Invesco Top QQQ ETF has seen a rise of approximately 5.5%. Nate Geraci, the president of The ETF Store, observes that new funds have been launched allowing investors to focus on mega-cap companies. He stated that the product launches targeting or avoiding the largest mega-cap names indicate the issuers’ awareness of the current market dynamics. He further added that this trend is expected to continue, revealing an ongoing tug of war in the market.
This article provides valuable insights for those interested in investing, particularly those considering ETFs. However, the primary focus of this piece isn’t to persuade or influence investment decisions, but rather to inform and present relevant market trends and updates.
