ATLANTA, Jan. 14, 2021 /PRNewswire/ -- Invesco Ltd. (NYSE:
IVZ), a leading provider of exchange-traded funds (ETFs), announces
today that the Invesco NASDAQ 100 ETF (QQQM) and Invesco NASDAQ
Next Gen 100 ETF (QQQJ) together have gathered $1 billion in assets under management
(AUM)i. The two ETFs celebrated 3 months of history
yesterday, as they were launched on October
13, 2020 as part of the Invesco QQQ
Innovation Suite. The Suite offers investors a variety of
investment structures and exposures that access the
NASDAQ-100® Index and NASDAQ Next Generation 100 Index®.
"The Invesco QQQ Innovation Suite was launched to provide
clients with more ways to access the growth fuelled by the
innovative companies listed on the Nasdaq Stock Exchange," said
John Hoffman, Americas Head, ETFs
& Indexed Strategies, Invesco. "We are pleased to see that
the strong performance of the QQQM and QQQJ ETFs has resonated with
investors and generated solid demand that allowed us to hit a
$1 billion AUM milestone in just
three months."
The Invesco NASDAQ 100 ETF (QQQM) offers investors
access to the global growth companies included in the NASDAQ-100
Index, the 100 largest non-financial companies listed on the Nasdaq
Stock Exchange, at 5 basis point less than the Invesco QQQ ETF
(QQQ).ii The Invesco NASDAQ Next Gen 100 ETF
(QQQJ) extends this concept further by offering access to
the "next 100" non-financial companies listed on the Nasdaq,
outside of the NASDAQ-100 Index, offering a mid-cap alternative to
the large-cap NASDAQ-100 Index.
"Companies included in the NASDAQ-100 Index have historically
shown a consistent commitment to reinvesting back into their
business through Research & Development, often reinvesting a
greater proportion of their sales to develop new technology that
capitalizes on transformative, long-term themes in the
marketplace," explains Hoffman. "Perhaps this is the reason why
many of the positive technology-enabled solutions and medical
advancements during the current crisis have been generated by
companies included in the NASDAQ Indexes. Innovation has never been
so important than at this period in time."
Including the Invesco QQQ Innovation Suite, the Invesco US ETF
line-up of 226 ETFs currently has over $300
billion in AUMi.
For more information about Invesco ETFs, please visit the
dedicated website:
https://www.invesco.com/us-etf/en/innovation-suite.html
About Invesco Ltd.
Invesco Ltd. (Ticker NYSE: IVZ) 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 25 countries, Invesco managed $1.2 trillion in assets on behalf of clients
worldwide as of September 30,
2020. For more information, visit invesco.com.
Important Information
Not a Deposit | Not FDIC Insured |
Not Guaranteed by the Bank | May Lose Value
| Not Insured by any Federal Government Agency
An investment cannot be made directly into an index.
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 technology,
are subject to greater risk, and are more greatly impacted by
market volatility, than more diversified investments.
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, 25,000, 50,000, 75,000, 80,000,
100,000, 150,000 or 200,000 Shares.
This does not constitute a recommendation of any investment
strategy or product for a particular investor. Investors should
consult a financial professional before making any investment
decisions.
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 private placements. It is an
indirect, wholly owned subsidiary of Invesco
Ltd.
i Bloomberg L.P. as of January 13, 2021
ii The total expense ratio for QQQ is 0.20% and
0.15% for QQQM.
Contact: Stephanie Diiorio 212
278 9037 Stephanie.Diiorio@invesco.com
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SOURCE Invesco Ltd.