First patent value-based Innovation ETF QQQS launched
Nasdaq NEW small and Midcap ETF: Invesco NASDAQ Future Gen 200 ETF - Symbol: QQQS has been launched.
The Invesco NASDAQ Future Gen 200 ETF seeks to track the investment results (before fees and expenses) of the Nasdaq Innovators Completion Cap Index (the “Underlying Index”) The Index consists of 200 small-cap companies with the most valuable patent portfolios relative to their total market value as deemed by Nasdaq.
The eligible universe consists of the companies within the Nasdaq Composite Index, excluding those companies included in the Nasdaq-100 Index and Nasdaq Next Generation 100 Index. Each constituent within the Index is equally weighted.
Details under https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&productId=ETF-QQQS
The backtests are really promising, see our own simulations below.