MutualFundWire.com: 20 Years, $66B For the Qs

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Tuesday, March 12, 2019

20 Years, $66B For the Qs

The team at a publicly traded asset manager is celebrating a big milestone for a famous fund.

Daniel Draper
Invesco
Managing Director, global head of Invesco ETFs

Sunday was the 20th anniversary of the launch of the Invesco QQQ ("the Qs") [profile], confirmed Dan Draper, managing director and global head of Invesco ETFs. The fund, which tracks the Nasdaq 100 index, now has $66 billion in AUM, making it the sixth largest ETF in the U.S.; on average, it is the second most traded ETF in the U.S.

In an interview with CNBC, Draper put the anniversary in the context of the context of the continued growth of the ETF industry.

"We look forward to the next 20 years," Draper states.

Printed from: MFWire.com/story.asp?s=59432

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