Alternative Investments/ESG: Invesco Launches Two New Nasdaq-100 ESG ETFs

The newly-launched ETFs expand the Invesco QQQ Innovation Suite.

Global asset management firm Invesco Ltd (NYSE: IVZ) announced today the launch of trading of Invesco ESG NASDAQ 100 ETF (NASDAQ: QQMG) and Invesco ESG NASDAQ Next Gen 100 ETF (NASDAQ: QQJG). The new ESG ETF offerings expand the number of investment structures in the Invesco QQQ Innovation Suite to six. (Yahoo Finance)

The new ETFs are ESG-tilted versions of the Invesco NASDAQ 100 ETF (NASDAQ: QQQM) and the Invesco NASDAQ Next Gen 100 ETF (NASDAQ: QQQJ), which were launched a year ago.

These ETFs tracked the Nasdaq-100 Index and the Nasdaq Next Generation 100 Index, respectively.

Invesco ESG NASDAQ 100 ETF (NASDAQ: QQMG) and Invesco ESG NASDAQ Next Gen 100 ETF (NASDAQ: QQJG)

The ESG ETFs launched today track the performance of the Nasdaq-100 ESG Index and the Nasdaq Next Generation 100 ESG Index, respectively.

These indices are constructed by NASDAQ after filtering constituent companies through a robust set of ESG criteria utilizing Sustainalytics’ ESG data. The indexes adjust constituent company weightings based on how effectively the companies are managing ESG risk, more favorably weighing companies with low ESG risk scores, and excluding companies with high ESG risk scores.

Both funds feature a total expense ratio of 0.20%.

Lauren Dillard, Executive Vice President and Head of Investment Intelligence, Nasdaq, said the ETFs were “a refined and ESG-friendly version of one of the world’s most preeminent benchmarks.”

“The strength of Nasdaq-100 Index underscores the innovation and transformative changes of the companies within their respective industries,” she added.

“We are confident that the new Invesco QQMG and QQJG ETFs will bridge innovation and ESG to offer every type of investor a unique way to help meet their desired investment outcomes,” said Anna Paglia, Global Head of ETFs & Indexed Strategies, Invesco.

Related Story: The First “Green Building” ETF From Invesco Will List Today

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
FinTech: LatAm BNPL Provider Kueski Nabs $202M Series C Round
December 3, 2021     FinTech, News, Venture Capital

Kueski is one of the largest buy-now-pay-later (BNPL) and digital lenders in Latin America. It announced December 2 its close of a $202 million Series C debt and equity round….
Digital Assets: Renowned Investor Charlie Munger Sides With China On Its Crypto Ban
December 3, 2021     Digital Assets, News

Charlie Munger has shot off another broadside against bitcoin, endorsing China’s action in banning cryptos. A long-standing bitcoin skeptic, Munger was speaking in an interview for the Sohn Hearts &…
Venture Capital: 15-Minute Delivery Startup JOKR Raises $260M Series B
December 3, 2021     News, Venture Capital

New York-based instant grocery delivery startup JOKR has become a unicorn within nine months of its launch and raised a $260 million Series B within five months of raising $170…
Venture Capital: Porsche Buys A Stake In Sustainable Homes-Focused Startup 1KOMMA5°

Porsche, the German car maker, has taken a stake in Hamburg-based startup 1KOMMA5° through its venture finance arm, Porsche Ventures. The startup seeks to boost the rollout of presently decentralized…