First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW)
XMEX XMEX Primary Summary
QQEW Chart
First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) FAQ
What is the stock price today?
On which exchange is it traded?
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Does it pay dividends? What is the current yield?
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Has First Trust NASDAQ-100 Equal Weighted Index Fund ever had a stock split?
First Trust NASDAQ-100 Equal Weighted Index Fund Profile
| XMEX Exchange | Brazil Country |
Overview
The fund is designed for investors looking to gain exposure to the performance of 100 of the largest U.S. and international non-financial companies listed on the Nasdaq. It achieves this by investing at least 90% of its net assets in securities that make up an equal-weighted version of the NASDAQ-100 Index®, ensuring a diversified investment in market-leading companies based on market capitalization. This approach provides a different risk and return profile compared to funds tracking market capitalization-weighted indexes.
Products and Services
Investment in Equal-Weighted NASDAQ-100 Index®
This service involves the fund’s core strategy of investing in the securities that constitute the equal-weighted version of the NASDAQ-100 Index®. It targets the 100 largest U.S. and international non-financial companies listed on Nasdaq, based on market capitalization. This product is designed for investors seeking diversified exposure to leading companies in sectors such as technology, retail, and biotechnology, among others, without the concentration risk typically associated with market-cap-weighted indexes.
