Invesco (IVZ) has expanded its Invesco QQQ Innovation Suite with the launch of the Invesco Nasdaq International Innovators 100 ETF (QQI), the suite’s first internationally focused strategy, offering exposure to innovative companies located outside the United States.
QQI seeks to track the Nasdaq International Innovators 100 Index, which selects 100 constituents from the Nasdaq Global Ex United States Large Mid Cap Index based on the highest Innovator scores. The rules-based methodology evaluates research and development intensity, revenue growth and profitability across developed and emerging markets. The portfolio is sized to reflect index company weights and is reviewed quarterly to remain aligned with the index.
QQI joins existing QQQ Innovation Suite ETFs such as QQQ, QQQM, QQQJ, QQQS, QQA, QBIG, QQHG and QEW, which together track Nasdaq indexes with more than $500 billion in assets under management. QQI has a stated total expense ratio of 0.29%.