Direxion Debuts Equal Weight NASDAQ ETF (QQQE)
Direxion, one of the largest issuers of leveraged and inverse ETFs, announced the addition of a non-leveraged ETF this week that will offer a unique way to access one of the world’s most widely-followed benchmarks. The new NASDAQ-100 Equal Weighted Index Shares (QQQE) will focus on the largest stocks listed on the tech-heavy NASDAQ, but will implement a unique weighting methodology that delivers a balanced, diversified portfolio. Along with the Dow and the S&P 500, the NASDAQ is one of the best known barometers for U.S. equity exposure. The NASDAQ has become a popular primary listing destination for technology stocks over the last several years, with companies such as Apple (AAPL), Microsoft (MSFT), Google (GOOG), and Oracle (ORCL) headlining the exchange. Exposure to the NASDAQ index through ETFs has also become quite popular; the PowerShares QQQ (QQQ) is one of the oldest and largest ETFs. Since debuting in 1999, the [...] Click here to read the original article on ETFdb.com. Related Posts: ETFs To Bet Against Apple Friday’s ETF To Watch: QQQ In Focus As Apple Launches iPad How An Apple (AAPL) Dividend Would Impact ETFs What Will A Facebook IPO Mean For ETFs? Tuesday’s ETF To Watch: QQQ Fund (QQQ) Amid Apple Earnings
Direxion, one of the largest issuers of leveraged and inverse ETFs, announced the addition of a non-leveraged ETF this week that will offer a unique way to access one of the world’s most widely-followed benchmarks. The new NASDAQ-100 Equal Weighted Index Shares (QQQE) will focus on the largest stocks listed on the tech-heavy NASDAQ, but will implement a unique weighting methodology that delivers a balanced, diversified portfolio. Along with the Dow and the S&P 500, the NASDAQ is one of the best known barometers for U.S. equity exposure. The NASDAQ has become a popular primary listing destination for technology stocks over the last several years, with companies such as Apple (AAPL), Microsoft (MSFT), Google (GOOG), and Oracle (ORCL) headlining the exchange. Exposure to the NASDAQ index through ETFs has also become quite popular; the PowerShares QQQ (QQQ) is one of the oldest and largest ETFs. Since debuting in 1999, the [...]

Click here to read the original article on ETFdb.com.

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