Description

The Invesco NASDAQ Next Generation 100 UCITS ETF Acc aims to replicate the net total return, post-fees, of the NASDAQ Next Generation 100 Index, its designated benchmark. This underlying index is structured to track the performance of the subsequent wave of non-financial enterprises listed on the NASDAQ exchange. It specifically identifies the 100 largest NASDAQ-listed companies by market capitalization that reside outside the established NASDAQ-100 Index. This segment constitutes the vibrant mid-tier of the NASDAQ market, encompassing shares from both American and international corporations. These entities often represent innovative leaders spanning diverse sectors, including technology, healthcare, communication services, consumer discretionary, and industrials. Importantly, all financial firms, including investment companies, are deliberately omitted from the index. The index's composition is reviewed and updated quarterly. To meet its objective, the fund endeavors to purchase and maintain, as closely and practically as possible, all the securities within the Reference Index at their corresponding weightings. Consequently, the fund adjusts its portfolio in alignment with the Reference Index's quarterly rebalancing schedule. This ETF operates under a passive management strategy, meaning an investment constitutes the acquisition of units in a fund designed to track an index, rather than direct ownership of the underlying assets held by the fund.