Invesco unveils equally weighted Nasdaq 100 ETF

First in Europe

Elliot Gulliver-Needham
clock • 1 min read

Invesco has launched an equally weighted Nasdaq 100 ETF, becoming the first equal weight ETF in Europe focused on the flagship index.

The Invesco NASDAQ-100 Equal Weight UCITS ETF weighs all 100 stocks equally, rather than using market-cap weighting methodology. Tracking the NASDAQ-100 Equal Weighted index, the ETF will see the stocks reweighted at each quarterly rebalancing date. Nasdaq 100 to undergo special rebalance to address overconcentration of 'magnificent seven' While the Nasdaq has grown rapidly in recent years, much of this has been driven by the ‘magnificent seven' of Microsoft, Apple, Nvidia, Tesla, Alphabet, Meta and Amazon, leading them to carry a large weighting in the market-cap index. Invesco...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ETFs

Fair Oaks Capital launches first European-domiciled CLO ETF in the UK

Fair Oaks Capital launches first European-domiciled CLO ETF in the UK

Follows Deutsche Börse launch

Sorin-Andrei Dojan
clock 26 September 2024 • 1 min read
WisdomTree expands commodity ETPs range with European natural gas ETC

WisdomTree expands commodity ETPs range with European natural gas ETC

Exchange-traded commodity

Valeria Martinez
clock 18 September 2024 • 2 min read
Global X ETFs Europe launches AI and defence technology ETFs

Global X ETFs Europe launches AI and defence technology ETFs

Focused on European expansion

Sorin-Andrei Dojan
clock 13 September 2024 • 1 min read
Trustpilot