Invesco launches new QQQ Innovation Suite in partnership with Nasdaq
Invesco has launched 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 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 personalisation 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 personalised 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 liquidity 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)
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 US with USD130 billion in assets under management and the second most traded ETF in the US based on average daily volume traded. Short-term investors who prioritise 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 QQQ. 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,” says 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.”