A mutual fund giant's flagship ETF is crossing into 12-digit territory.
| Lorraine Wang|
Global Head of ETF Products and Research
This morning Lorraine Wang
, global head of ETF products and research at Invesco
that Invesco QQQ
has made it to the $100-billion-AUM milestone. The 21-year-old ETF is now the fifth largest in the U.S. (When Invesco celebrated
the fund's 20th birthday last year, it had $66 billion and was the sixth largest ETF.)
The ETF tracks the Nasdaq-100 Index
and, the Invesco team notes, was the second most traded ETF in the U.S. as of March 31.
QQQ (also known as the Cubes, the Qs, or the Qubes) launched on March 10, 1999 on the Amex. It moved
to its index's namesake exchange in 2004 and added a fourth "Q". The fourth Q was removed
in 2011, and in 2018, as Invesco streamlined
its branding worldwide, the "PowerShares" name was dropped from the fund.
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