Invesco Launches New QQQ Innovation Suite in Partnership with Nasdaq
New products offer all investors access to NASDAQ-100 Index and NASDAQ Next Generation 100 Index
ATLANTA, Oct. 13, 2020 /PRNewswire/ — Invesco Ltd. (NYSE: IVZ) today announced the launch of the Invesco QQQ Innovation Suite, which offers investors access to the NASDAQ-100® Index and NASDAQ Next Generation 100 Index® through a variety of investment structures and exposures. The Invesco QQQ Innovation Suite represents the next step in the continued democratization of investing. It advances the growing concept that innovation in investing continues to drive benefits to the end investor, not just through direct cost-savings, but in the personalization of the investment model. The Invesco QQQ Innovation Suite meets all clients’ implementation preferences, providing every type of investor a simple way to invest in ingenuity and innovation.
“When it launched 20 years ago, the Invesco QQQ ETF (QQQ) was a pioneer in simplifying how investors gained access to companies within the NASDAQ-100 Index. With the launch of the Invesco QQQ Innovation Suite, we are expanding on this and offering additional ways to access companies at the forefront of innovation,” says John Hoffman, Head of Americas, ETFs & Indexed Strategies, Invesco. “By building this suite with Nasdaq, Invesco will enable clients to select the personalized combination of strategies that best suits their needs and time horizons.”
By providing different investment structures and slightly different exposures, the Invesco QQQ Innovation Suite acts as a “one stop shop” for the NASDAQ-100 companies, plus exposure to the next 100 up-and-coming innovators. This expansion will ultimately enable investors with the potential to tilt their investment exposure towards the attributes – including varying investment time horizons, share price or liquidity1 needs – they most value for their investment goals.
The Invesco QQQ Innovation Suite will include four new offerings with different investment structures that complement QQQ:
- Invesco NASDAQ 100 ETF (QQQM)
- Invesco NASDAQ 100 Index Fund (IVNQX – R6 Shares2)
- Invesco NASDAQ-100 Growth Leaders Portfolio (QQQG)
- Invesco NASDAQ Next Gen 100 ETF (QQQJ)
QQQ, which began tracking the NASDAQ-100 Index in 1999, is the fifth largest ETF listed in the U.S. with $130 billion in assets under management3 and the second most traded ETF in the U.S. based on average daily volume traded4. Short-term investors who prioritize liquidity could still find the attributes of QQQ most appropriate; however longer-term “buy-and-hold” investors may be most focused on cost-savings and prefer the Invesco NASDAQ 100 ETF (QQQM), which costs 5bps less than QQQ5. Both longer- and shorter-term investors looking for exposure to the innovative mid-cap companies listed on the Nasdaq may opt for the Invesco NASDAQ Next Gen 100 ETF (QQQJ).
Invesco’s new suite also offers exposure to a set of investors who have not previously had direct access to the NASDAQ-100 as a means for exposure to large-cap growth companies. Certain advisors that prefer a Mutual Fund, such as providers of defined contribution investment-only (DCIO) retirement plans can now generate core NASDAQ-100 exposure from the Invesco NASDAQ 100 Index Fund (IVNQX) mutual fund. Those investors interested in a defined scheduled maturity date and more targeted fundamental exposure may look towards the Invesco NASDAQ-100 Growth Leaders Portfolio (QQQG), a unit investment trust.
“The resilience of QQQ is a testament to the strength of the NASDAQ-100 Index, and to the enduring partnership of Invesco and Nasdaq,” said Sean Wasserman, Vice President and Head of Index and Advisory Services for Nasdaq. “This further expands the NASDAQ-100 ecosystem in a way that brings a new level of access and innovation to the investing public.”
The NASDAQ-100 Index tracks the 100 largest non-financial companies listed on the Nasdaq Stock Exchange, capturing companies with a legacy of using innovation to disrupt their respective markets. The Invesco NASDAQ Next Gen 100 ETF (QQQJ) extends this concept further by offering access to the “next 100” non-financial companies listed on the Nasdaq, outside of the NASDAQ-100 Index, offering a mid-cap alternative to the NASDAQ-100.
Since its inception over 30 years ago, the NASDAQ-100 Index has become the world’s preeminent large-cap growth index. Although the index is most closely connected with technology, approximately 50% of the index constituents come from other sectors and industries.6 However many of the companies in the NASDAQ-100 Index, regardless of their sectors, consistently have a higher dollar spend on research & development7. For this reason, they are often well positioned to capitalize on transformative, long-term themes in the marketplace, such as the current shift to digital working and learning and potential advancements in biotech and healthcare.
About Invesco Ltd.
Invesco Ltd. (Ticker NYSE: IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. With offices in 25 countries, Invesco managed US$1.1 trillion in assets on behalf of clients worldwide as of August 31, 2020. For more information, visit invesco.com.
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.