Invesco NASDAQ Next Gen 100 ETF (QQQJ)
Should Invesco NASDAQ Next Gen 100 ETF (QQQJ) Be on Your Investing Radar?
If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the Invesco NASDAQ Next Gen 100 ETF (QQQJ), a passively managed exchange traded fund launched on 10/13/2020.
Should Invesco NASDAQ Next Gen 100 ETF (QQQJ) Be on Your Investing Radar?
The Invesco NASDAQ Next Gen 100 ETF (QQQJ) was launched on 10/13/2020, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Growth segment of the US equity market.
QQQJ: Hype Won't Save These Nasdaq Next Gen Stocks
QQQJ tracks the 101-200 largest non-financial stocks in the Nasdaq. Its expense ratio is 0.15% and the ETF has $667 million in assets under management. The "Next Gen" marketing is great, but the stocks are not. QQQJ has substantially lagged behind other mid-cap peers, and its fundamentals don't give much hope for a turnaround. I found weaknesses in growth, value, and earnings momentum that should give prospective shareholders pause. As alternatives, the metrics for XMHQ, XMVM, and SPMD are more compelling for different reasons.
Some Great, Overlooked Tech Gems Found in This ETF
The largest tech and communication services equities are commanding significant attention due to AI ebullience. So it's understandable that some market participants are hyperfocused on those names.
Should Invesco NASDAQ Next Gen 100 ETF (QQQJ) Be on Your Investing Radar?
Looking for broad exposure to the Large Cap Growth segment of the US equity market? You should consider the Invesco NASDAQ Next Gen 100 ETF (QQQJ), a passively managed exchange traded fund launched on 10/13/2020.
