QQMG - QQQM the Nasdaq 100 ETF surpasses $10B in AUM in less than 3 years

2023-05-23 12:49:34 ET

The Invesco NASDAQ 100 ETF ( NASDAQ: QQQM ) has surpassed $10B in assets under management in less than 3 years. The exchange traded fund launched back in October of 2020 and has seen an influx of investor capital since its inception. In 2023 alone, QQQM has garnered $2.65B.

For reference, QQQM is a passively managed fund that is based on the NASDAQ-100 Index. The fund comes with a 0.15% expense ratio and aims to invest at least 90% of its assets in the index which includes securities of 100 of the largest domestic and international nonfinancial companies listed on Nasdaq ( COMP.IND ).

See how the complete QQQ suite of products have performed in the 2023 trading year:

• Invesco QQQ ( NASDAQ: QQQ ) +27.1% .
• Invesco Nasdaq 100 ETF ( QQQM ) +27.2% .
• Invesco Nasdaq Next Gen 100 ETF ( NASDAQ: QQQJ ) +5.4% .
• Invesco Nasdaq Future Gen 200 ETF ( NASDAQ: QQQS ) +9%.
• Invesco ESG Nasdaq 100 ETF ( QQMG ) +26.5% .
• Invesco ESG Nasdaq Next Gen 100 ETF ( QQJG ) +7.3% .

For more on the innovation suite of ETFs, investors will have noticed that shares of the fifth-largest exchange traded fund QQQ recently jumped up to a new 52-week trading high .

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