QQQ - PTNQ: The Trend Following Nasdaq

2024-07-03 12:12:16 ET

Summary

• PTNQ is an equities ETF tracking the Pacer NASDAQ-100 Trendpilot Index with trend-following strategies using technical analysis.
• The ETF works best in traditional bear markets, automatically switching to cash to reduce drawdowns, but struggles in vertical market moves.
• Passive investors seeking Nasdaq exposure with reduced drawdowns and risk-averse investors may benefit from using PTNQ in their portfolios.
• The ETF can be used as a tool to reduce risk by replacing a QQQ exposure when an investor feels uneasy with overall valuations.

Thesis

The Pacer Trendpilot 100 ETF ( PTNQ ) is an equities exchange-traded fund. As per its literature, the fund:

seeks to track the total return performance, before fees and expenses, of the Pacer NASDAQ-100® Trendpilot Index.

For further details see: