Invesco NASDAQ 100 ETF
QQQM (NASDAQ)
The Invesco NASDAQ 100 ETF (QQQM) is an attractive option for investors looking to gain exposure to 100 of the largest nonfinancial companies, with a significant focus on technology, which accounts for 63% of its holdings. It boasts a competitive expense ratio of just 0.15%, lower than its primary competitor, QQQ, while delivering impressive returns of 24.07% over the past year and an astounding 99.97% over the last five years. Additionally, with a dividend yield of 0.49%, QQQM offers both growth potential and some income generation for investors.
Pros:
- Heavy tech exposure
- Lower expense ratio compared to competitors
Cons:
- Market volatility risks
- Concentration in tech sector
The Invesco NASDAQ 100 ETF (QQQM) may be suitable for investors seeking growth through exposure to large-cap technology and nonfinancial companies, particularly those who prefer a lower expense ratio compared to similar funds. With its solid historical performance and modest dividend yield, it could appeal to both growth-oriented investors and those looking for a diversified index fund within the tech sector.