Although QQQ is often associated with being one of the ETFs with the largest weights to Apple and a home to other tech and Internet names, the fund’s future upside could come by way of ongoing strength in the biotech industry.
QQQ allocates 14.4% of its weight to the health care sector and of the 14 NASDAQ-listed large-cap health care stocks that are up at least 20% this year, nine are members of QQQ’s lineup.
Investors have added over $4.3 billion to QQQ over the past month, according to PowerShares data.
PowerShares QQQ
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Apple, Facebook, Microsoft and QQQ.