US megacaps returned to electrifying form in H1 as AI mania inspired a bull run for popular tech names. Even after retracing some gains in recent weeks, it is worth considering whether ETFs such as Invesco’s veteran QQQ or BlackRock’s US sector candidate represent effective tools for capturing the hottest part of the world’s most popular market.
The older of the two products, the $7bn Invesco EQQQ Nasdaq 100 UCITS ETF (EQQQ), launched in 2002, three years after Invesco’s headline QQQ strategy in the US.
Since its 1999 debut, QQQ has become the largest non-world or S&P 500 ETF with $197bn assets under management (AUM) as well as ranking as the best-performing large-cap growth-focused fund of the past 15 years and the second-most traded ETF, according to Refinitiv data...
This article first appeared in ETF Insider, ETF Stream's monthly ETF magazine for professional investors in Europe. To read the full article, click here.
