Alt Investments

What’s New In Investments, Funds? – Invesco

Editorial Staff 17 July 2023

What’s New In Investments, Funds? – Invesco

The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Invesco has launched the Invesco NASDAQ-100 Equal Weight UCITS ETF to expand its suite of ETFs tracking Nasdaq indices.

By following an index that weights each constituent equally, the exchange-traded fund provides balanced exposure across all 100 stocks rather than the more traditional market-cap weighting methodology that allocates to stocks according to their size.

For investors who want exposure to the long-term growth potential of the companies listed on Nasdaq but seek a more diversified exposure, the NASDAQ-100 Equal Weighted index offers an alternative to the standard index. The newly-launched Invesco ETF is the only product available in Europe tracking this equal weighted index – it provides a more balanced exposure to a greater variety of companies, some of which may be the mega-caps of tomorrow, the firm said in a statement.

The NASDAQ-100 Equal Weighted Index is constructed from the same constituents as the parent NASDAQ-100 Index but equally weights the issuers at each quarterly rebalancing date, rather than weighting them by their market capitalisation. The Invesco ETF aims to hold all the securities in the index in their respective weightings and will rebalance its holdings when the index is rebalanced.

“Nasdaq was once seen as primarily a technology index, and of course much of its success has been driven by tech giants. However, it is also home to companies in other sectors, including those traditionally viewed as more defensive. Innovation is the thread stitching all these Nasdaq-listed companies together, whether in terms of the industry in which the company is operating or the dynamism of its management. This equal-weighted ETF spreads exposure evenly across all these opportunities,” Chris Mellor, head of EMEA equity ETF product management at Invesco, said.

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