What is qqeq ETF?

QQEQ invests in securities of U.S. companies in order to replicate the Nasdaq–100® Equal Weighted Index which has the same constituents as the capitalization-weighted Nasdaq–100® Index; however, each company represented in the index is allocated an equal weight at each quarterly rebalancing. Who is this ETF for?

Should you invest in Direxion NASDAQ-100 equal weighted index shares ETF?

Investing in the Direxion NASDAQ-100 Equal Weighted Index Shares ETF may be a better option, as it trades at a discount and allows for broader exposure to tech stocks. It has also outperformed its Invesco peer when looking at short-term historical performance.

What is a qqqe equal-weight fund?

Interestingly, the 0.35% charged by QQQE is only 0.15% above what is charged by Invesco. As such, an equal-weight fund entails a more active management approach than a market-cap-weighted one as the fund managers have to work harder to adjust the portfolio.