From Nasdaq:

In 2023, Invesco’s top-performing ETFs included tech-heavy segments of the market. The Invesco PHLX Semiconductor ETF (SOXQ) and the Invesco NASDAQ Internet ETF (PNQI) followed only the Invesco Alerian Galaxy Crypto Economy ETF (SATO).

SOXQ notably gained 66.7% in 2023, while PNQI climbed 60.7% during the year. Both funds target high-growth segments of the market, a strategy that rewarded investors in 2023.

The PHLX Semiconductor Sector Index ETF measures the performance of the 30 largest U.S.-listed securities of companies engaged in the semiconductor business. This includes products such as memory chips, microprocessors, and more.

PNQI invests in internet-related businesses included in the NASDAQ CTA Internet index. This includes companies involved in internet software, internet search engines, web hosting, website design, and internet retail commerce.

SOXQ charges 19 basis points and has $184 million in assets under management. PNQI charges 60 basis points and has $700 million in assets under management. For more news and analysis, follow the ETF Trends Channel.



Read more: SOXQ and PNQI Among Invesco’s Top-Performing ETFs in 2023