The suite offers investors personalized access to companies
of all sizes that are focused on innovation
ATLANTA, Oct. 26,
2023 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ), a
leading global asset management firm, announced that the popular
Invesco QQQ Innovation Suite has reached its three-year milestone.
The line-up of products is intended to provide every type of
investor a simple way to invest in ingenuity and innovation.
"The innovation suite is unique because it allows investors to
customize their market cap exposure to companies that are
pioneering the future," said Anna
Paglia, Global Head of ETFs and Indexed Strategies. "We're
excited by the tremendous investor interest we've seen since
launching in 2020, demonstrating that advancement and innovation at
the product development level continues to drive benefits to the
end investor."
Since its launch as part of the Invesco QQQ Innovation Suite on
October 13, 2020, Invesco NASDAQ
100 ETF (QQQM) has grown to more than $14 billion in assets under management
(AUM)1. The ETF offers investors access to the global
growth companies included in the Nasdaq-100 Index®, the
100 largest domestic and international non-financial companies
listed on the Nasdaq Stock Market based on market capitalization,
at 5 basis points less than the Invesco QQQ ETF (QQQ)2,
which is attractive to longer-term "buy-and-hold" investors who may
be focused on cost savings.3
"While short-term investors value QQQ for its
liquidity4, the strong inflows we've seen into QQQM over
the last three years shows that this strategy may appeal more to
long-term investors seeking exposure to the innovative companies
included in the index," explained Paglia.
QQQM, along with other products in the suite, including
Invesco NASDAQ Next Gen 100 ETF (QQQJ) and Invesco
NASDAQ Future Gen 200 ETF (QQQS), can be used to
personalize investor access to companies of all sizes that are
focused on future innovation. The suite provides full access to
non-financial companies across the Nasdaq Composite Index.
QQQJ tracks the Nasdaq Next Generation 100™ Index
and offers uninterrupted access to the "next 100"
non-financial companies listed on Nasdaq. The ETF provides an
attractive building block of midcap growth names that share the
same innovative characteristics as companies included in the
Nasdaq-100 Index, but at an earlier stage in the growth cycle. The
companies included in QQQJ are seasoned companies that have often
demonstrated an ability to grow their fundamentals and have the
potential to migrate into the Nasdaq-100 Index if eligibility and
criteria are met.
QQQS tracks the Nasdaq Innovators Completion Cap™
Index and offers access to non-financial smaller-cap companies
screened by a key marker of innovation – high quality patents,
which may be an indicator of future innovation potential. Its
underlying index provides exposure to 200 Nasdaq-listed companies
based on the size of their patent portfolios relative to their
market capitalization. The mix of small-cap and micro-cap companies
are not included in the Nasdaq-100 Index or the Nasdaq Next
Generation 100 Index, so there is no overlap between
strategies.
"We're excited to celebrate this three-year milestone with our
long-standing partner, Invesco," said Emily
Spurling, Senior Vice President, Global Head of Index,
Nasdaq. "At its core, the Nasdaq-100 Index captures companies with
a legacy of leveraging innovation to create competitive advantages
that disrupt their respective markets. Through our partnership on
the Innovation Suite, we've been able to realize our goal of
expanding the Nasdaq-100 ecosystem to unlock access and bring
innovation to the investing public. We look forward to continued
growth and expansion with Invesco in the future."
Also marking three years since inception as of October 13, 2023, is the Invesco NASDAQ 100
Index Fund (IVNQX), the first mutual fund addition
to the Invesco QQQ Innovation Suite. The fund provides access to
innovation through a cost-efficient mutual fund with a 0.29%
management fee, a 54% reduction when compared to the average net
expense ratio of other retirement class large-cap growth
funds.5
About Invesco Ltd.
Invesco Ltd. 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 more than 20 countries, Invesco managed $1.49 trillion in assets on behalf of clients
worldwide as of Sept. 30, 2023. For
more information, visit www.invesco.com.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading
global technology company serving corporate clients, investment
managers, banks, brokers, and exchange operators as they navigate
and interact with the global capital markets and the broader
financial system. We aspire to deliver world-leading platforms that
improve the liquidity, transparency, and integrity of the global
economy. Our diverse offering of data, analytics, software,
exchange capabilities, and client-centric 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..
- Bloomberg L.P. as of Oct. 20,
2023
- The total expense ratio for QQQ is 0.20% and 0.15% for
QQQM.
- Since ordinary brokerage commissions apply for each buy and
sell transaction, frequent trading activity may increase the cost
of ETFs.
- ETF Shares are not individually redeemable and owners of the
Shares may acquire those Shares from the Fund and tender those
Shares for redemption to the Fund in Creation Unit aggregations
only, typically consisting of 10,000, 20,000, 25,000, 50,000,
80,000, 100,000 or 150,000 Shares.
- Morningstar Direct as of June 30,
2023. Morningstar Peer Group is Large-Cap Growth Retirement
Class R6 Funds. Inception date of 10/13/2020. IVNQX has a total
expense ration of 1.71%. Net expense ratio = total annual operating
expenses less any contractual management fee waivers in effect
through at least Dec. 31, 2023. Class
R6 shares are primarily intended for retirement plans and
shareholders of omnibus intermediaries that meet certain standards
for institutional investors. See the prospectus for more
information.
Important Information:
Invesco Distributors, Inc. is not affiliated with Nasdaq.
Basis points, as known as bps, are a unit of measure. One basis
point is equivalent to 0.01% or 0.0001 in decimal form.
The Nasdaq-100 Index® is designed to measure the
performance of the 100 largest domestic and international
non-financial securities listed on The Nasdaq Stock Market based on
market capitalization. The Nasdaq Next Generation 100 Index™ is
designed to measure the performance of the next generation of
Nasdaq-listed non-financial companies; that is, the largest 100
securities outside of the Nasdaq-100 Index®. An
investment cannot be made directly into an index.
About Risk:
There are risks involved with investing in ETFs, including
possible loss of money. Shares are not actively managed and are
subject to risks similar to those of stocks, including those
regarding short selling and margin maintenance requirements.
Ordinary brokerage commissions apply. The Fund's return may not
match the return of the Underlying Index. The Fund is subject to
certain other risks. Please see the current prospectus for more
information regarding the risk associated with an investment in the
Fund.
Investments focused in a particular sector, such as information
technology, are subject to greater risk, and are more greatly
impacted by market volatility, than more diversified
investments.
QQQM, QQQJ and QQQS
The Fund is non-diversified
and may experience greater volatility than a more diversified
investment.
The risks of investing in securities of foreign issuers can
include fluctuations in foreign currencies, political and economic
instability, and foreign taxation issues.
QQQJ
Stocks of medium-sized companies tend to be
more vulnerable to adverse developments, may be more volatile, and
may be illiquid or restricted as to resale.
QQQS
Stocks of small and mid-sized companies
tend to be more vulnerable to adverse developments, may be more
volatile, and may be illiquid or restricted as to
resale.
The Fund's Underlying Index (Index) is composed of companies
with valuable portfolios of patents. The Index Provider relies on
an independent data provider to ascertain the potential value of an
issuer's patents and related intangible assets (i.e., intellectual
property and research & development activities) for inclusion
in the Index. The Fund's performance may suffer if the data
provider's does not correctly value an issuer's patents or if the
companies included in the Index ultimately do not benefit from
holding such patents. There is no guarantee that the Index will be
composed of companies with the most valuable patents.
Invesco Nasdaq-100 Index Fund
Derivatives may be
more volatile and less liquid than traditional investments and are
subject to market, interest rate, credit, leverage, counterparty
and management risks. An investment in a derivative could lose more
than the cash amount invested.
In general, stock values fluctuate, sometimes widely, in
response to activities specific to the company as well as general
market, economic and political conditions.
The risks of investing in securities of foreign issuers can
include fluctuations in foreign currencies, political and economic
instability, and foreign taxation issues.
Unlike many investment companies, an underlying fund does not
utilize an investing strategy that seeks returns in excess of the
underlying index of certain underlying exchange-traded funds.
Therefore, it would not necessarily sell a security unless that
security is removed from the underlying index.
Many products and services offered in technology-related
industries are subject to rapid obsolescence, which may lower the
value of the issuers.
The Fund may become "non-diversified," as defined under the
Investment Company Act of 1940, as amended, solely as a result of a
change in relative market capitalization or index weighting of one
or more constituents of the Index. Shareholder approval will not be
sought when the Fund crosses from diversified to non-diversified
status under such circumstances.
The Fund is subject to certain other risks. Please see the
current prospectus for more information regarding the
risks associated with an investment in the Fund.
Investors should be aware of the material differences between
mutual funds and ETFs. ETFs generally have lower expenses than
actively managed mutual funds due to their different management
styles. Most ETFs are passively managed and are structured to
track an index, whereas many mutual funds are actively managed and
thus have higher management fees. Unlike ETFs, actively managed
mutual funds have the ability react to market changes and the
potential to outperform a stated benchmark. Since ordinary
brokerage commissions apply for each ETF buy and sell transaction,
frequent trading activity may increase the cost of ETFs. ETFs can
be traded throughout the day, whereas, mutual funds are traded only
once a day. While extreme market conditions could result in
illiquidity for ETFs. Typically they are still more liquid than
most traditional mutual funds because they trade on exchanges.
Investors should talk with their financial professional regarding
their situation before investing.
Before investing, investors should carefully read the
prospectus/summary prospectus and carefully consider the investment
objectives, risks, charges and expenses. For this and more complete
information about the Fund call 800 983 0903 or visit invesco.com
for the prospectus/summary prospectus.
Invesco Distributors, Inc. is the US distributor for Invesco's
retail products, and is an indirect, wholly owned subsidiary of
Invesco Ltd.
The sponsor of the Invesco QQQ TrustSM, Series 1
(QQQ), a unit investment trust, is Invesco Capital Management LLC
(Invesco). NASDAQ, Nasdaq-100 Index, Nasdaq-100 Index Tracking
Stock and QQQ are trade/service marks of Nasdaq, Inc. and have been
licensed for use by Invesco. Nasdaq makes no representation
regarding the advisability of investing in QQQ and makes no
warranty and bears no liability with respect to QQQ, the Nasdaq-100
Index, its use or any data included therein.
Nasdaq®, Nasdaq-100 Index®, Nasdaq-100®, NDX®, Nasdaq
Next Gen 100™ , Nasdaq Composite Index®, QQQ®, are trademarks of
Nasdaq, Inc. (which with its affiliates is referred to as the
"Corporations") and are licensed for use by Invesco Distributors
Inc.. The Product(s) have not been passed on by the
Corporations as to their legality or suitability. The
Product(s) are not issued, endorsed, sold, or promoted by the
Corporations. The Corporations make no warranties and bear
no liability with respect to the product(s).
Contact: Rachael Peng,
rachael.peng@invesco.com 713.214.4193
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