Invesco has added two new ETFs to its QQQ Innovation Suite.
The Invesco Top QQQ ETF (QBIG) and the Invesco QQQ Low Volatility ETF (QQLV) are the newest additions to the Invesco QQQ Innovation Suite, which includes the popular $314 billion Invesco QQQ ETF (QQQ).
Other ETFs in the fund family include the $37 billion Invesco NASDAQ 100 ETF (QQQM), the $682 million Invesco NASDAQ Next Gen 100 ETF (QQQJ), the $64 million Invesco ESG NASDAQ 100 ETF (QQMG), and the $141 million Invesco QQQ Income Advantage ETF (QQA)
“For years, Invesco has seen strong demand for its market-cap-weighted Nasdaq suite of products of QQQ, QQQM, and QQQJ. It is great to see them provide investors with innovative alternatives to take on more or less equity risk with a subset of the broader index,” said Todd Rosenbluth, head of research at VettaFi.
Under the Hood of the Newest ETFs in Invesco’s QQQ Innovation Suite
QBIG is actively managed and uses a rules-based approach to track the Nasdaq-100 Mega Index. The index captures the top 45% of companies by market cap in the Nasdaq-100 Index. QBIG’s methodology adjusts on a quarterly basis to capture fluctuations in the composition of the largest companies in the Nasdaq-100.
Meanwhile, QQLV is passive and offers exposure to low volatility companies in the Nasdaq-100 Index. The fund seeks to achieve this by identifying the least volatile companies within the index over the trailing 12 months.
The launch of QBIG and QQLV provides investors with additional ways to access the Nasdaq indexes.
Invesco launched QQA in July, which aims to provide exposure to the Nasdaq-100, paired with income generation and downside protection. The fund uses an option-based income strategy. This involves using equity-linked notes that have exposure to either the index itself or another ETF that is tracking the index.
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