If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the First Trust NASDAQ-100 Equal Weighted ETF (QQEW), a passively managed exchange traded fund launched on 04/19/2006.
Making its debut on 04/19/2006, smart beta exchange traded fund First Trust NASDAQ-100 Equal Weighted ETF (QQEW) provides investors broad exposure to the Style Box - Large Cap Growth category of the market.
QQEW tracks the Nasdaq 100 index with an equal-weighted strategy and higher expense ratio. QQEW has rebounded strongly from 2022, but still trails the S&P 500 and Nasdaq 100 index in returns. QQEW offers lower volatility and more diversification than QQQ, but has inferior long-term returns due to lower exposure to growth stocks.
Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the First Trust NASDAQ-100 Equal Weighted ETF (QQEW) is a passively managed exchange traded fund launched on 04/19/2006.