- Last week, the Invesco QQQ Trust (QQQ) crossed the $100 billion in assets mark, joining three S&P 500-based ETFs and a total stock market offering from Vanguard.
- While thought of as an information technology ETF, more than half of QQQ’s assets are from other sectors. CFRA finds many of the stocks inside to be attractively valued and having underappreciated earnings potential.
- CFRA thinks it could be three or more years before another fund joins the $100 billion club given competitive pressure and modest returns for bond funds. But actions by the Federal Reserve could boost one fund into the upper echelon.
QQQ Joins $100B Asset Club
QQQ reached the $100 billion assets under management threshold last week, according to ETF data from First Bridge, aided by a 12% total return in the past month and a strong $9 billion of net inflows this year. The fund is the fifth largest