Nasdaq 100 is all about know-how shares and presently all the sector is bearing the brunt of the inventory market meltdown. Some of the shares in Nasdaq 100 have fallen by over 35 per cent whereas the index itself is down by nearly 25 per cent year-to-date.
Long time period traders particularly those that search for contra alternatives might quickly begin wanting on the valuations to start including or shopping for many of those fallen shares. If choice of shares is a tough process as a retail investor, there’s an alternate traded fund (ETF) that’s basically a basket-buy of all of the shares represented in an index or a theme.
Invesco QQQ is an ETF that tracks the Nasdaq 100 index. Today’s value of Invesco QQQ ETF is $286.95.
By shopping for Invesco QQQ ETF, you find yourself taking publicity in all the 100 shares of the index. Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX) and Google collectively generally known as FAANG shares are part of the Nasdaq 100 index.
Currently, Invesco QQQ ETF is down by nearly the identical proportion as Nasdaq 100 because it mirrors the index. Data exhibits that Invesco QQQ ETF has outperformed S&P 500 over longer time horizons.
For Invesco QQQ ETF, one of the best 3 Month Period was June – August 2020 when it generated 30.22% whereas the Worst 3 Month Period was November – January 2009 when it fell by 36.60%.
Invesco QQQ with an expense ratio of 0.2 per cent is a low-cost method of proudly owning the bucket of shares within the Nasdaq index via the ETF route. An investor ought to think about funding aims, dangers, costs and bills rigorously earlier than investing. You may even begin investing with a small quantity and supply world diversification to your Indian portfolio of home firms.
Source: www.financialexpress.com”