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.

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