Invesco Launches Invesco QQQ 15 Index
Rhea-AI Summary
Invesco (IVZ) has announced the launch of the Invesco QQQ 15 Index, which will be available through the Eagle Select Focus FIA. The new index incorporates equity exposure focused on the Invesco QQQ, targeting a volatility of 15% and aiming to deliver strong risk-adjusted returns.
The index leverages the Invesco QQQ, which marked its 25th anniversary in 2024. It employs a responsive methodology to adjust index exposure daily, using only cash to manage volatility while avoiding interest duration exposure. The 15% volatility target is designed to maintain high equity exposure and stable crediting over time.
The index will be integrated into Eagle Life's Select Focus series fixed index annuities, with Eagle Life receiving dedicated support from Invesco for marketing and distribution efforts. This launch represents an expansion of the collaboration between Invesco and Eagle Life, offering customers access to customizable indexes based on Invesco's high-profile products.
Positive
- Launch of new index product expanding Invesco's market presence
- Strategic partnership with Eagle Life enhancing distribution channels
- Leveraging successful 25-year track record of Invesco QQQ
Negative
- None.
News Market Reaction
On the day this news was published, IVZ gained 0.07%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Invesco QQQ 15 Index will be accessible within the Eagle Select Focus FIA beginning today
"We are excited to expand upon our collaboration with Eagle Life and have the ability to offer a unique exposure based on one of our most high demand offerings, Invesco QQQ," says Paul Temple, Head of Financial Institutions Group at Invesco. "Invesco is one of the few global asset managers capable of servicing clients who want exacting exposures through customizable indexes based on our most high-profile products."
Invesco QQQ 15 Index will leverage the Invesco QQQ - which celebrated 25 years of a live track record in 2024. Invesco QQQ 15 Index will incorporate the same innovative equity exposure as the Invesco QQQ ETF while using a responsive methodology to rapidly adjust index exposure to target volatility of
"Our goal is to enhance our product with options that combine the potential for strong performance with simplicity and familiarity," says Bryan Albert, Vice President, Head of Sales at Eagle Life. "The addition of the Invesco QQQ 15 index is part of broader changes and recent enhancements that are a testament to our commitment to that goal."
By offering the Invesco QQQ 15 Index within its fixed index annuity, Eagle Life will benefit from dedicated Invesco support and resources, to further its marketing and distribution efforts.
About Invesco Indexing LLC
Invesco Indexing LLC is an independent index provider owned by global asset manager Invesco Ltd. Invesco Indexing develops and administers a wide array of equity, fixed income, and multi-asset indices. These indices provide market exposures for both local and global markets, offering a full range of strategies. Invesco Indexing's full range of indices are constructed by experienced investment professionals and are designed to help clients meet specific financial objectives. As of December 31, 2024, Invesco Indexing administered over 150 indexes with
About Invesco Ltd.
Invesco Ltd. (Ticker NYSE: IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. With offices in more than 20 countries, Invesco managed
The sponsor of the Invesco QQQ TrustSM, Series 1 (QQQ), a unit investment trust, is Invesco Capital Management LLC (Invesco). Nasdaq®, Nasdaq-100 Index®, Nasdaq-100®; and QQQ® are registered trademarks of Nasdaq, Inc. and have been licensed for use by Invesco. Nasdaq makes no representation regarding the advisability of investing in QQQ and makes no warranty and bears no liability with respect to QQQ, the Nasdaq-100 Index, its use or any data included therein.
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Contact: Stephanie Diiorio, stephanie.diiorio@invesco.com, 212.278.9037
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SOURCE Invesco Ltd.
FAQ
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