Invesco Sharpens Tech-Stock Concentration With ‘Mega’ QQQ Fund

Bloomberg08-31

(Bloomberg) -- Invesco Ltd. is gearing up to launch an exchange-traded fund that would allow investors to get ultra-concentrated exposure to the largest technology stocks. The Invesco Mega QQQ ETF, ...

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An Invesco ETF that tracks the top 50 stocks in the S&P 500 has outperformed their equa","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"META":"Meta Platforms","OEF":"标普100指数ETF-iShares","BK4581":"高盛持仓","OEX":"标普100",".SPX":"S&P 500 Index","BK4504":"桥水持仓","BK4585":"ETF&股票定投概念","BK4135":"资产管理与托管银行","VOO":"Vanguard标普500ETF","NVDA":"英伟达","BK4588":"碎股","TSLA":"特斯拉","FDN":"First Trust Dow Jones Internet I","BK4550":"红杉资本持仓","COST":"好市多","SDS":"两倍做空标普500ETF","SSO":"两倍做多标普500ETF","UPRO":"三倍做多标普500ETF","SPXU":"三倍做空标普500ETF","GOOGL":"谷歌A","BK4534":"瑞士信贷持仓","AMZN":"亚马逊","SH":"标普500反向ETF","MSFT":"微软","IVZ":"美国景顺集团","AAPL":"苹果","SPY":"标普500ETF","AVGO":"博通","BK4559":"巴菲特持仓","IVV":"标普500指数ETF","QQQ":"纳指100ETF"},"translate_title":"景顺通过“大型”QQQ基金提高科技股集中度","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QQQ":1,"IVZ":1,"FDN":0.9,"VOO":0.84,"SPY":0.84,"AAPL":0.7,"TSLA":0.7,"NVDA":0.7,"MSFT":0.7,"META":0.7,"GOOGL":0.7,"COST":0.7,"AMZN":0.7,"AVGO":0.7,"OEX":0.6,".SPX":0.6,"UPRO":0.6,"SSO":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,"OEF":0.6,"IVV":0.6,"ESmain":0.6},"content_text":"(Bloomberg) -- Invesco Ltd. is gearing up to launch an exchange-traded fund that would allow investors to get ultra-concentrated exposure to the largest technology stocks. \nThe Invesco Mega QQQ ETF, which will trade under the ticker “QBIG,” will seek to track the Nasdaq-100 Mega Index, which targets the top 45% of companies in the Nasdaq 100 by weight, according to the fund’s prospectus filing. \nThe index currently consists of Apple Inc., Microsoft Corp., Nvidia Corp., Broadcom Inc., Amazon.com Inc., Meta Platforms Inc., Tesla Inc., Costco Wholesale Corp. and Alphabet Inc. \n“The fund is catering to those investors who purely want the top of the index - that’s clearly been a benefit, although comes with risks if those names falter,” said Todd Sohn, ETF strategist at Strategas.\nThe filing comes as more ETF issuers seek to ride the success of the largest stocks in the market, which have lead most of the gains this year. An Invesco ETF that tracks the top 50 stocks in the S&P 500 has outperformed their equal-weighted S&P 500 fund by roughly 11 percentage points year-to-date. \nBlackRock earlier this month filed for funds that would track the top 30 stocks in the Nasdaq 100 and top 20 in the S&P 500. QBIG will hold approximately 6 to 15 stocks, the filing said.\nExisting funds that take advantage of the big-tech concentration have been popular with investors. The Roundhill Magnificent Seven ETF (ticker MAGS) has seen its assets grow to around $673 million from $35 million at the start of the year.\n--With assistance from Katie Greifeld.\n©2024 Bloomberg L.P.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2463948567"}