Understanding the Role of Invesco QQQ Trust ETF in Your Investment Portfolio
Sunday, 5 May 2024, 14:34
What does the Invesco QQQ Trust do?
The Invesco QQQ Trust is an index-based exchange-traded fund that tracks the Nasdaq 100 Index comprising the largest non-financial stocks on the Nasdaq exchange.
What role does the Invesco QQQ Trust fulfill in a portfolio?
With around 60% technology exposure and a mix of other sectors, it offers diversification but may not align well with your overall portfolio strategy.
There are better options
Consider a technology-focused ETF for pure tech exposure or a broad-based ETF for a diversified portfolio, as the Invesco QQQ Trust's performance can be volatile.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.