Invesco Launches International Innovators ETF to Expand QQQ Innovation Suite
Invesco has launched the Invesco Nasdaq International Innovators 100 ETF (QQI), marking its first international strategy within the QQQ Innovation Suite. The new ETF aims to provide investors with exposure to innovative companies outside the United States by tracking an index that selects firms based on innovation, growth, and profitability metrics. The fund is designed for a global market environment where interest in geographic diversification is growing due to shifting trade dynamics and evolving supply chains. It complements Invesco's existing lineup of ETFs focused on U.S.-based innovative companies by offering an international alternative with similar investment characteristics. QQI joins other innovation-focused funds within the QQQ suite, which collectively offer diverse portfolio construction approaches and outcomes. The new fund has a total expense ratio of 0.29%.
Topics: ETF Global Markets Innovation Strategy