ATLANTA, Oct. 13, 2020 /PRNewswire/ -- Invesco Ltd.
(NYSE: IVZ) today announced the launch of the Invesco QQQ
Innovation Suite, which offers investors access to the
NASDAQ-100® Index and NASDAQ Next Generation 100
Index® through a variety of investment structures and
exposures. The Invesco QQQ Innovation Suite represents the next
step in the continued democratization of investing. It
advances the growing concept that innovation in investing continues
to drive benefits to the end investor, not just through direct
cost-savings, but in the personalization of the investment
model. The Invesco QQQ Innovation Suite meets all clients'
implementation preferences, providing every type of investor a
simple way to invest in ingenuity and innovation.
"When it launched 20 years ago, the Invesco QQQ ETF (QQQ) was a
pioneer in simplifying how investors gained access to companies
within the NASDAQ-100 Index. With the launch of the Invesco QQQ
Innovation Suite, we are expanding on this and offering additional
ways to access companies at the forefront of innovation," says
John Hoffman, Head of Americas, ETFs
& Indexed Strategies, Invesco. "By building this suite with
Nasdaq, Invesco will enable clients to select the personalized
combination of strategies that best suits their needs and time
horizons."
By providing different investment structures and slightly
different exposures, the Invesco QQQ Innovation Suite acts as a
"one stop shop" for the NASDAQ-100 companies, plus exposure to the
next 100 up-and-coming innovators. This expansion will ultimately
enable investors with the potential to tilt their investment
exposure towards the attributes - including varying investment time
horizons, share price or liquidity1 needs - they most
value for their investment goals.
The Invesco QQQ Innovation Suite will include four new offerings
with different investment structures that complement QQQ:
- Invesco NASDAQ 100 ETF (QQQM)
- Invesco NASDAQ 100 Index Fund (IVNQX – R6
Shares2)
- Invesco NASDAQ-100 Growth Leaders Portfolio (QQQG)
- Invesco NASDAQ Next Gen 100 ETF (QQQJ)
QQQ, which began tracking the NASDAQ-100 Index in 1999, is the
fifth largest ETF listed in the U.S. with $130 billion in assets under
management3 and the second most traded ETF in the
U.S. based on average daily volume traded4. Short-term
investors who prioritize liquidity could still find the attributes
of QQQ most appropriate; however longer-term "buy-and-hold"
investors may be most focused on cost-savings and prefer the
Invesco NASDAQ 100 ETF (QQQM), which costs 5bps less than
QQQ5. Both longer- and shorter-term investors looking
for exposure to the innovative mid-cap companies listed on the
Nasdaq may opt for the Invesco NASDAQ Next Gen 100 ETF
(QQQJ).
Invesco's new suite also offers exposure to a set of investors
who have not previously had direct access to the NASDAQ-100 as a
means for exposure to large-cap growth companies. Certain advisors
that prefer a Mutual Fund, such as providers of defined
contribution investment-only (DCIO) retirement plans can now
generate core NASDAQ-100 exposure from the Invesco NASDAQ 100
Index Fund (IVNQX) mutual fund. Those investors interested in a
defined scheduled maturity date and more targeted fundamental
exposure may look towards the Invesco NASDAQ-100 Growth Leaders
Portfolio (QQQG), a unit investment trust.
"The resilience of QQQ is a testament to the strength of the
NASDAQ-100 Index, and to the enduring partnership of Invesco and
Nasdaq," said Sean Wasserman, Vice
President and Head of Index and Advisory Services for Nasdaq. "This
further expands the NASDAQ-100 ecosystem in a way that brings a new
level of access and innovation to the investing public."
The NASDAQ-100 Index tracks the 100 largest non-financial
companies listed on the Nasdaq Stock Exchange, capturing companies
with a legacy of using innovation to disrupt their respective
markets. 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
NASDAQ-100.
Since its inception over 30 years ago, the NASDAQ-100 Index has
become the world's preeminent large-cap growth index. Although
the index is most closely connected with technology, approximately
50% of the index constituents come from other sectors and
industries.6 However many of the companies in the
NASDAQ-100 Index, regardless of their sectors, consistently have a
higher dollar spend on research & development7. For
this reason, they are often well positioned to capitalize on
transformative, long-term themes in the marketplace, such as the
current shift to digital working and learning and potential
advancements in biotech and healthcare.
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 US$1.1
trillion in assets on behalf of clients worldwide as of
August 31, 2020. For more
information, visit invesco.com.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the
capital markets and other industries. Our diverse offering of data,
analytics, software and 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.
Important Information:
NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE
An investment cannot be made directly into an index.
Investors should be aware of the material differences between
mutual funds, ETFs and unit investment trusts (UIT). ETFs and UITs
generally have lower expenses than actively managed mutual funds
due to their different management styles. UITs and 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 and UITs, 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, ETFs are still more liquid than most
traditional mutual funds because they trade on exchanges. UITs have
a stated expiration date based on what investment in the portfolio,
unlike most mutual funds and ETFs, UITs pays interest income on the
investments in the portfolio until a specific end date, at which
time the investment are sold and the principal amount is returned
to the owners. UITs generally make one public offering of a fixed
number of units. However, in some cases, the sponsor will maintain
a secondary market that allows existing unit holders to sell their
units and for new investors to buy units. A one-time initial sales
charge is deducted from an investment made into the trust. UITs
have set termination dates, at which point the underlying
securities are sold and the sales proceeds are paid to the
investor. Typically, a UIT investment is rolled over into
successive trusts as part of a long-term strategy. Investors should
talk with their financial professional regarding their situation
before investing.
About Risk:
ETFs:
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
The risks of investing in securities of foreign issuers can
include fluctuations in foreign currencies, political and economic
instability, and foreign taxation issues.
The Fund is non-diversified and may experience greater
volatility than a more diversified investment.
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.
Invesco NASDAQ 100 Index Fund (INVQX):
In general, stock values fluctuate, sometimes widely, in
response to activities specific to the company as well as general
market, economic and political conditions.
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.
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.
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.
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, the Fund does not utilize an
investing strategy that seeks returns in excess of its Underlying
Index. Therefore, the Fund would not necessarily buy or sell a
security unless that security is added or removed, respectively,
from its Underlying Index, even if that security generally is
underperforming.
Invesco NASDAQ 100 Growth Leaders Portfolio (QQQG):
Security prices will fluctuate. The value of your investment may
fall over time.
An issuer may be unwilling or unable to declare dividends in the
future, or may reduce the level of dividends declared. This may
result in a reduction in the value of your Units.
The financial condition of an issuer may worsen or its credit
ratings may drop, resulting in a reduction in the value of your
Units. This may occur at any point in time, including during the
initial offering period.
You could experience dilution of your investment if the size of
the Portfolio is increased as Units are sold. There is no assurance
that your investment will maintain its proportionate share in the
Portfolio's profits and losses Security prices will fluctuate. The
value of your investment may fall over time.
The Portfolio does not replicate all of the components of the
NASDAQ-100 Index or its component weightings and the stocks in the
Portfolio will not change if the index components, or their
weightings within the index, change. The performance of the
Portfolio will not correspond with the NASDAQ-100 Index for this
reason and because the Portfolio incurs a sales charge and
expenses. The Portfolio is not intended to replicate the
performance of the index.
The Portfolio is concentrated in securities issued by companies
in the information technology sector. Negative developments in this
sector will affect the value of your investment more than would be
the case for a more diversified investment.
We do not actively manage the Portfolio. Except in limited
circumstances, the Portfolio will hold, and may continue to buy,
shares of the same securities even if their market value
declines.
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.
The opinions expressed are those of the speakers and are based
on current market conditions and are subject to change without
notice. These opinions may differ from those of other Invesco
investment professionals.
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 not affiliated with Nasdaq.
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 Nasdaq-100 TrustSM, 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 The Nasdaq Stock Market, Inc. and have
been licensed for use by Invesco, QQQ's sponsor. 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.
The Invesco NASDAQ 100 ETF is not sponsored, endorsed, sold or
promoted by the NASDAQ OMX Group, Inc. or its affiliates (NASDAQ
OMX, with its affiliates, are referred to as the "Corporations").
The Corporations have no liability in connection with the
administration, marketing or trading of the Invesco NASDAQ QQQ ETF.
"NASDAQ®" is a registered trademark and is used under license.
The Invesco NASDAQ Next Gen 100 ETF is not sponsored, endorsed,
sold or promoted by the NASDAQ OMX Group, Inc. or its affiliates
(NASDAQ OMX, with its affiliates, are referred to as the
"Corporations"). The Corporations have no liability in connection
with the administration, marketing or trading of the Invesco NASDAQ
Next Gen 100 ETF. "NASDAQ®" is a registered trademark and is used
under license.
The Invesco NASDAQ 100 Index Fund is not sponsored, endorsed,
sold or promoted by the NASDAQ OMX Group, Inc. or its affiliates
(NASDAQ OMX, with its affiliates, are referred to as the
"Corporations"). The Corporations have no liability in connection
with the administration, marketing or trading of the Invesco NASDAQ
100 Index Fund. "NASDAQ®" is a registered trademark and is used
under license.
|
|
|
|
1 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, 50,000, 75,000, 80,000, 100,000,
150,000 or 200,000 Shares.
|
2 Class R6
shares re primarily intended for retirement plans and shareholders
of omnibus intermediaries that meet certain standards and for
institutional investors. See the prospectus for more
information.
|
3
Bloomberg L.P, as of October 5, 2020.
|
4 Bloomberg L.P., as of September 30,
2020.
|
5 The
total expense ratio for QQQ is 0.20% and 0.15% for QQQM. See the
prospectus for more information.
|
6 Bloomberg L.P. – The technology
sector makes up 48.10% of the Nasdaq 100 Index as of September 30,
2020.
|
7 Bloomberg L.P, S&P and FactSet
- Nasdaq 100 companies on average spend 10.4% of sales on R&D,
as compared to 5.9% of sales in the S&P 500 as of April 16,
2020
|
Contact: Stephanie Diiorio 212
278 9037 Stephanie.Diiorio@invesco.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/invesco-launches-new-qqq-innovation-suite-in-partnership-with-nasdaq-301151082.html
SOURCE Invesco Ltd.