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NASDAQ, INC.

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Nasdaq : Invesco Launches Two New Thematic Technology ETFs in Partnership with Nasdaq in Canada

05/27/2021 | 08:32am EDT

New Products Expand the Invesco Innovation Suite

TORONTO, May 27, 2021 /CNW/ -- Invesco Canada Ltd. ("Invesco") today announced the launch of two new exchange-traded funds (ETFs) that offer investors exposure to a number of relevant technology themes. The launch of the Invesco NASDAQ Next Gen 100 Index ETF (QQJR and QQJR.F) and the Invesco NASDAQ 100 Equal Weight Index ETF (QQEQ and QQEQ.F) will build on the innovative solutions offered by Invesco and Nasdaq, allowing clients several distinctive entry points to own the disruptive companies listed on The Nasdaq Stock Market. Invesco also announced the launch of CAD Units of Invesco NASDAQ 100 Index ETF (QQC). 

The Invesco innovation suite will be comprised of the following TSX-listed ETFs:

  • Invesco NASDAQ Next Gen 100 Index ETF (QQJR and QQJR.F)
  • Invesco NASDAQ 100 Equal Weight Index ETF (QQEQ and QQEQ.F)
  • Invesco NASDAQ 100 Index ETF (QQC and QQC.F)

"The launch of two new Invesco Nasdaq ETFs reaffirms the commitment of Invesco's Canadian ETF business to providing our clients with products that access the themes and companies at the forefront of innovation," says Pat Chiefalo, Head of Canada, Invesco ETFs & Indexed Strategies. "Now Canadian investors can choose several unique ways to gain exposure to the category-defining companies listed on The Nasdaq Stock Market."

Globally, Invesco and its affiliates have a long history of collaborating with Nasdaq in order to offer investors the ability to own broad exposure to the innovative, forward-thinking companies listed on The Nasdaq Stock Market. Together, they offer investors a number of ETFs tracking Nasdaq Indexes worldwide. The Invesco NASDAQ Next Gen 100 ETF will track the Nasdaq Next Generation 100 Index, which includes the "next 100" non-financial companies listed on The Nasdaq Stock Market, outside of the Nasdaq 100 Index, in a mid-cap ETF. The Invesco NASDAQ 100 Equal Weight Index ETF will track the Nasdaq 100 Equal Weighted Index, which re-weights the companies included in the Nasdaq 100 Index so that each of the companies is set at a weight of 1% of the Index at each quarterly rebalance.

Invesco also recently changed the name of the Invesco QQQ Index ETF to the Invesco NASDAQ 100 Index ETF, dropping the management fee to 0.20% of NAV to make it the most cost-effective ETF in Canada tracking the Nasdaq 100 Index.

Together, the three core strategies in the Invesco innovation suite allow clients to personalize their investing and decide which strategy best suits their needs.

The top 200 non-financial companies listed on The Nasdaq Stock Market have a legacy of using innovation to disrupt their respective markets, with a strong tilt to many of the top themes in technology. The two new ETFs will provide robust exposure to a number of relevant technology themes, including the internet economy, cloud computing, ai/big data, biotech, robotics and cybersecurity.

"We're excited to partner again with Invesco and bring several new Nasdaq Index strategies to the Canadian ETF market," said Sean Wasserman, Vice President and Head of Index and Advisor Solutions for Nasdaq. "Through the years Invesco and Nasdaq have continued to grow our partnership, working constructively to find new and unique ways to ensure the same innovation found in  Nasdaq  listed companies is echoed in the Invesco Nasdaq ETFs."

The initial offering of Invesco NASDAQ Next Gen 100 ETF (QQJR and QQJR.F) and Invesco NASDAQ 100 Equal Weight Index ETF (QQEQ and QQEQ.F) has now closed. Units in the ETFs will be available for trading on TSX when the market opens today.

The initial offering of the CAD Units of Invesco QQQ Index ETF (QQC) has now closed.  Units of the CAD Units of Invesco QQQ Index ETF (QQC) will be available for trading on TSX when the market opens today. 

Invesco Ltd Americas ETF suite currently has over US$320.4 billion in assets under management (AUM) as of March 31, 2021Invesco Canada Ltd. is a subsidiary of Invesco Ltd.

About Invesco Ltd.
Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. With offices in 25 countries, Invesco Ltd. managed US$1.4 trillion in assets on behalf of clients worldwide as of March 31, 2021. For more information, visit invesco.com.

About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

Commissions, management fees and expenses may all be associated with investments in mutual funds and exchange-traded funds (ETFs). Trailing commissions may be associated with investments in mutual funds. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus before investing. Copies are available from Invesco Canada Ltd. at www.invesco.ca. 

There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to the ETF. Ordinary brokerage commissions apply to purchases and sales of ETF units. The Invesco ETF seeks to replicate, before fees and expenses, the performance of the applicable index, and is not actively managed. This means that the sub-advisor will not attempt to take defensive positions in declining markets and the ETF will continue to provide exposure to each of the securities in the index
Invesco is a registered business name of Invesco Canada Ltd.

Nasdaq®, Nasdaq-100® Equal Weighted Index, Nasdaq-100 Index®, and Nasdaq Next Generation 100 Index ®  are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by Invesco Canada Ltd.

The Product(s) have not been passed on by the Corporations as to their legality or suitability.  The Product(s) are not issued, endorsed, sold, or promoted by the Corporations.  THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

Invesco® and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence.

Contact: Stephanie Diiorio 212 278 9037 Stephanie.Diiorio@invesco.com

SOURCE Invesco Ltd.

© Canada Newswire, source Canada Newswire English

Stocks mentioned in the article
ChangeLast1st jan.
INVESCO LTD. 0.16% 24.42 Delayed Quote.40.10%
NASDAQ, INC. 0.91% 188.43 Delayed Quote.41.95%
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