Roku Powers “Next Gen” Tech ETF To Nasdaq-Beating Returns

Roku Powers “Next Gen” Tech ETF To Nasdaq-Beating Returns
Andrew Rummer

about 3 years ago1 min

Mid-sized US tech stocks are beating the benchmark Nasdaq 100 Index, attracting more than $1 billion of investor cash to the recently launched Invesco Nasdaq Next Gen 100 exchange traded fund (ETF).

The Next Gen 100 tracks the performance of the 101st to the 200th largest companies listed on the tech-heavy Nasdaq market. 

The fund (ticker: QQQJ) has climbed 30% since its launch in October, more than double the gain in the widely-followed Invesco QQQ ETF, which tracks the 100 biggest Nasdaq stocks. (The chart shows QQQJ in blue and QQQ in pink, normalized so that both start at 100 in October).

The QQQJ fund’s top holdings include video streaming company Roku, cybersecurity firm Crowdstrike, and online marketplace Etsy.

Investing in recent winners isn’t always a sensible strategy, of course, but we wouldn’t be surprised if the QQQJ fund follows its older sibling QQQ into becoming a benchmark for mid-sized US tech stocks.



All the daily investing news and insights you need in one subscription.

Disclaimer: These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment advisor.

/3 Your free quarterly content is about to expire. Uncover the biggest trends and opportunities. Subscribe now for 50%. Cancel anytime.

© Finimize Ltd. 2023. 10328011. 280 Bishopsgate, London, EC2M 4AG