From CNBC: 2024-12-14 11:00:01

Invesco launched the Invesco Top QQQ ETF, focusing on the top 45% of companies in the Nasdaq-100 Index. Led by Brian Hartigan, the fund aims to capture the megacap concentration story within the Nasdaq, with top holdings including Apple, Nvidia, and Microsoft. The ETF is up 5.5% since its debut.

Hartigan highlights the demand for investors to balance portfolio risk with similar funds, allowing for precision in managing concentration levels. Nate Geraci, president of The ETF Store, notes the trend of new funds targeting or avoiding mega-cap names, indicating a market battle that will likely continue moving forward.

Read more: Invesco launches ETF to maximize on the tech concentration craze