Invesco PowerShares Capital Management’s PowerShares QQQ Portfolio exchange-traded fund has passed its 15th anniversary.
PowerShares QQQ tracks 100 of the largest, most innovative domestic and international non-financial companies listed on the Nasdaq Stock Market.
“PowerShares QQQ is one of the most actively traded securities in the world, and continues to play a leading role in advancing wide-scale acceptance of ETFs among institutions, traders and investors,” says Dan Draper, managing director of global ETFs at Invesco PowerShares. “Today we are proud to celebrate the 15-year anniversary of this landmark ETF.”
PowerShares QQQ, which is based on the Nasdaq-100 index, invests in some of the world’s most revolutionary companies across industry groups such as information technology, healthcare, consumer discretionary and staples, industrials, materials and telecommunication services.
“The Nasdaq-100 continues to be one of the most followed benchmarks around the globe, with investors utilising it on six continents,” says John Jacobs, executive vice president and head of Nasdaq OMX’s index and data business. “We are delighted to celebrate the 15th anniversary of PowerShares QQQ, which helped spark the Nasdaq-100’s rise to prominence. We couldn’t be happier with our partnership with Invesco PowerShares, on the QQQs and on many other products.”
PowerShares QQQ, formerly known as “QQQ” or the “Nasdaq-100 Index Tracking Stock”, is an exchange-traded fund based on the Nasdaq-100 Index. The fund will, under most circumstances, consist of all of the stocks in the Index. The index includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalisation. The portfolio is rebalanced quarterly and reconstituted annually.
On 21 March 2007, the Nasdaq-100 Index Tracking Stock was renamed PowerShares QQQ, and the Nasdaq OMX Group transferred sponsorship of QQQ to Invesco PowerShares Capital Management.