Invesco Launches New ETF to Diversify Exposure to Nasdaq-100 Companies Invesco Ltd. has introduced the Invesco QQQ Equal Weight ETF (QEW), expanding its QQQ Innovation Suite to provide investors with a new approach to accessing the Nasdaq-100 Index. The ETF employs an equal-weight methodology, assigning each of the 100 non-financial companies in the index an initial 1% weight, which is rebalanced quarterly. This structure aims to reduce reliance on the largest mega-cap stocks while maintaining exposure to the innovative firms that define the Nasdaq-100. Brian Hartigan, Global Head of ETFs & Index Investments at Invesco, highlighted the strategic value of QEW, stating that it offers a straightforward way to mitigate single-stock concentration risk. "QEW strengthens the Invesco QQQ Innovation Suite by providing investors with an alternative, diversified path to the same universe of innovative companies," he said. The ETF complements existing strategies within the suite, which includes products like the flagship Invesco QQQ and QQQM, offering varied risk profiles and investment themes. The Nasdaq-100 Equal Weighted Index, which QEW tracks, includes the same 100 companies as the standard Nasdaq-100 Index but spreads weight more evenly. This approach allows investors to capture exposure across the broader index, rather than focusing on the top-performing stocks. Emily Spurling, Senior Vice President and Head of Global Index at Nasdaq, praised the collaboration, noting that the ETF provides a balanced way to access the leaders of the Nasdaq-100. The Invesco QQQ Innovation Suite now comprises ten ETFs, catering to diverse investment strategies.#nasdaq_100 #invesco_ltd #brian_hartigan #emily_spurling #qqq_equal_weight_etf
