In the ETF space, success begets success.
Just look at what Invesco is doing today. They’re launching a new product, the NASDAQ Next Gen 100 ETF (QQQJ).
It might more appropriately be called the Nasdaq 100 Junior Varsity list.
The Invesco QQQ Trust (QQQ) started tracking the NASDAQ-100 Index in 1999. Since then, it’s become the fifth-largest ETF listed in the U.S., with $135 billion in assets under management.
Now Invesco is looking to capitalize on the interest in technology and growth stocks by offering a new “junior” QQQ.
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Any why not? QQQ is up nearly 40% this year. Shares