When it comes to equity gauges that are home to a plethora of disruptive and innovative companies, the Nasdaq-100 Index (NDX) has long been a force.
That tradition remains in place today, confirming that exchange traded funds such as the Invesco QQQ Trust (QQQ B+) and the Invesco NASDAQ 100 ETF (QQQM B) are ideal avenues for investors who want to access innovative firms while eliminating the stock-picking burden. Both Invesco funds follow NDX.
The disruptive/innovative properties of these ETFs are confirmed by the funds allocating nearly two-thirds of their rosters to technology and communication services equities. At the sector level, those are two of the most innovative groups.
The disruptive credentials of QQQ and QQQM are rooted in tech. But it doesn’t end there and that’s a positive point for long-term investors.
“Tech companies are using disruptive technologies…
