FYI: (This is a follow-up article.)
How do you explain a fund like the Invesco QQQ Trust (QQQ)?
The sixth-largest ETF by assets, and the second-most-actively traded, QQQ (sometimes called "the Q’s") defies easy explanation. Is it a tech market proxy? A large-cap growth fund? A thematic, "innovation" ETF?
It's none of these, says FactSet's Director of Research Elisabeth Kashner: "It's a Rorschach test."
Regards,
Ted
https://www.etf.com/sections/features-and-news/etf-week-weirdest-fund-turns-20?nopaging=1
