The folks at a $2.2577-trillion-AUM*, publicly traded asset manager are adding another index exchange-traded fund to a 10-fund suite.

Yesterday, Brian Hartigan, global head of ETFs and index investments at Invesco [profile], and Paul Schroeder, director and QQQ product strategist, revealed the launch of the Invesco QQQ Equal Weight ETF (QEW on the Nasdaq). Atlanta-based based Invesco's Downers Grove, Illinois-based Invesco Capital Management LLC serves as investment advisor to the new ETF, and New York City-based Nasdaq, Inc. serves as index provider.

QEW's inception date was yesterday (March 18). The new fund comes with an expense ratio of 25 basis points and now has about $2.48 million in AUM**.

A four-person Invesco team PMs QEW, which is designed to track the Nasdaq-100 Equal-Weighted Index (which rebalances quarterly to a 1-percent weight for each of its 100 stocks). Those four PMs include:

Pratik Doshi, senior portfolio manager of equity index strategies;

Peter Hubbard, director of U.S. portfolio management and global head of equities for ETFs and index investments;

Michael Jeanette, senior PM and head of North America equities for ETFs and index investments; and

Tony Seisser, senior ETF PM of equity.

This week's QEW launch expands the Inveso QQQ Innovation Suite to 11 funds in total, including 10 ETFs, and those funds now have about $456 billion in combined AUM.

"QEW provides investors with a straightforward way to reduce single-stock concentration while maintaining access to the innovative, growth-oriented companies that have shaped the Nasdaq-100 for decades," Hartigan states. "As investor needs evolve, QEW further strengthens the Invesco QQQ Innovation Suite, which offers a versatile set of tools designed to access Nasdaq companies and support a wide range of outcomes."

Emily Spurling, senior vice president and head of global index at Nasdaq, highlights the exchange's longstanding connection with Invesco.

"Invesco and Nasdaq have been breaking new ground together for years, and we're excited to expand our partnership with a new addition to the Invesco QQQ Innovation Suite," Spurling states.

Schroder notes investors' interest in "reducing reliance on a handful of mega-cap names" while staying invested, in light of elevated market concentration.

"An equal-weight approach helps by spreading exposure more evenly across the Nasdaq-100. QEW diversifies the QQQ Innovation Suite by offering investors yet another path to the innovators shaping the future, and another precise tool to tailor allocations to their preferred themes and risk profiles," Schroeder states.

QEW is a non-diversified series of Invesco Exchange-Traded Fund Trust II. The new ETF's other service providers include:

the Bank of New York Mellon (BNY) as administrator, custodian, dividend disbursing agent, fund accounting agent, securities lending agent, and transfer agent;

Invesco Advisers, Inc. as securities lending agent;

Invesco Distributors, Inc. as distirbutor;

PricewaterhouseCoopers LLP (PwC) as independent accounting firm; and

Stradley Ronon Stevens & Young LLP as counsel.

*As of February 28, 2026.

**As of March 18, 2026 (yesterday). 

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