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The Weird Burden of QQQ | Trillions
Posted
August 17, 2023
Views
648
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14
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2.16%
August 17, 2023
648
14
2.16%
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19:09Now PlayingInvesco’s QQQ Trust Series 1, aka QQQ, is synonymous with tech investing—and performance, given that it’s nearly doubled the S&P 500 over the last decade. But because the almost $200 billion exchange-traded fund was created as a unit investment trust, it hasn’t made any money for Invesco, which acquired it in the 2006 acquisition of PowerShares. What’s Invesco doing about that? Launching money-making spinoffs, of course.
On this episode of Trillions, Eric Balchunas and Joel Weber discuss QQQ’s history as well as Invesco’s success with its Q-themed family, including QQQM, QQQJ and QQQS. Athanasios Psarofagis of Bloomberg Intelligence and reporter Katie Greifeld, who wrote about the Qs in a new Bloomberg Businessweek article, join to discuss.
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Money goes where it's treated best. That simple truth is a big reason why more and more money—trillions, in fact—flows into a powerful, low-cost tool that's quietly transformed investing in recent years. Exchange-traded funds, or ETFs, let you invest in everything from the stock market to gold like never before. This biweekly podcast will demystify them—and delight you in the process.
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