Invesco launches two tech ETFs

Toronto-based Invesco Canada Ltd. has added two technology-themed ETFs to its innovation suite of products.

The new funds offer investors exposure to technology themes such as the internet economy, cloud computing, AI and big data, biotech, robotics and cybersecurity.

The Invesco NASDAQ Next Gen 100 Index ETF tracks the Nasdaq Next Generation 100 Index, which includes the “next 100” non-financial companies listed on the Nasdaq Stock Market, outside of the Nasdaq 100 Index, in a mid-cap ETF. The ETF has a management fee of 0.15%.

The Invesco NASDAQ 100 Equal Weight Index ETF tracks the Nasdaq 100 Equal Weighted Index, which re-weights the companies included in the index so that each represents 1% of the index. The fund is rebalanced quarterly and has a management fee of 0.20%.

The ETFs are now trading on the Toronto Stock Exchange.

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