Invesco launched the Invesco QQQ Equal Weight ETF (ticker QEW) on March 18, 2026. The fund tracks the Nasdaq‑100 Equal‑Weighted Index, assigning each of the 100 non‑financial constituents a 1% weight and rebalancing quarterly to reduce concentration risk.
The launch expands Invesco’s QQQ Innovation Suite to ten ETFs, adding a diversified alternative to the flagship Invesco QQQ and QQQM. The equal‑weight strategy appeals to investors who want broader exposure to the Nasdaq‑100 universe while mitigating the impact of a few mega‑cap names.
Invesco’s ETF platform now manages $1 trillion in assets, and the new product is expected to attract inflows by offering a more balanced approach to the technology‑heavy Nasdaq‑100. By capturing performance from mid‑cap and smaller constituents that are underrepresented in the market‑cap‑weighted index, QEW provides a complementary investment avenue within the same universe.
Brian Hartigan, Global Head of ETFs & Index Investments at Invesco, said, "QEW provides investors with a straightforward way to reduce single‑stock concentration while maintaining access to the innovative, growth‑oriented companies that have shaped the Nasdaq‑100 for decades." Emily Spurling, Senior Vice President and Head of Global Index at Nasdaq, added, "The Nasdaq‑100 Index is one of the world’s most recognized benchmarks for innovative, growth‑oriented companies listed on Nasdaq, and we’re excited to support a balanced way to access the leaders it represents."
The equal‑weight strategy positions Invesco against competitors such as Direxion’s QQQE and First Trust’s QQEW, and aligns with the firm’s broader strategy of expanding its ETF lineup, which has included recent launches like the Invesco Top QQQ ETF (QBIG) and the Invesco QQQ Low Volatility ETF (QQLV) in December 2024.
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