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Invesco launches Nasdaq International Innovators 100 ETF

The new QQI ETF launched Sept. 23 and tracks the Nasdaq International Innovators 100 Index, offering exposure to non-U.S. large- and mid-cap innovators.

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ETF Trends reports that Invesco launched the Invesco Nasdaq International Innovators 100 ETF (QQI) on Sept. 23.

The fund aims to track the performance of the Nasdaq International Innovators 100 Index and is positioned as an expansion of Invesco’s QQQ Innovation Suite.

According to ETF Trends, QQI provides exposure to non-U.S. large- and mid-cap innovative companies across both developed and emerging markets.

ETF Trends also notes that Invesco’s QQQ Innovation Suite includes the Invesco NASDAQ 100 ETF (QQQM) and the Invesco Nasdaq Next Gen 100 ETF (QQQJ), with QQQM at $109.5 billion in AUM and QQQJ at about $1.18 billion, while QQI uses a rules-based method to select 100 stocks from the broader Nasdaq Global Ex US Larg.

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