The Invesco QQQ Trust, an exchange-traded fund (ETF) that tracks the Nasdaq-100 Index, has become one of the most popular ETFs in the world. With $156 billion in assets under management, the fund provides investors with access to the largest technology stocks in the market. The Invesco QQQ ETF has become a go-to investment choice for many investors due to its low fees and diversification benefits.
The Nasdaq-100 Index, which the Invesco QQQ ETF tracks, is composed of the 100 largest non-financial stocks listed on the Nasdaq exchange. This means that investors can gain exposure to the largest technology stocks in the world without having to purchase individual stocks. The Nasdaq-100 Index includes stocks from a variety of sectors, including technology, healthcare, and consumer goods, so investors can diversify their investment across multiple sectors.
The Invesco QQQ ETF has become a popular choice for investors because of its low fees. The fund charges a management fee of 0.20%, which is lower than the average management fee of 0.35% for ETFs. This means that investors can save money on fees, which can add up over time. Additionally, the ETF offers the convenience of being able to buy and sell shares without having to pay commissions.