US EditionWhy Invesco Wants QQQ to Become an Open-End Fund
UNITED STATES, JUL 21 – TD Cowen raised Invesco's stock rating citing a potential restructuring of the QQQ fund that could boost fee revenue and lower expense ratios, managing $355 billion in assets.
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Why Invesco Wants QQQ to Become an Open-End Fund
Invesco QQQ Trust is one of the most profitable ETFs on the market today. Not so much for Invesco. The firm filed Thursday with the Securities and Exchange Commission to change QQQ from a “unit investment trust” — a structure unique to it and a handful of other long-standing ETFs — to an open-end fund. The change would enable Invesco to earn more revenue from the $355 billion fund and give it authority over spending, roughly a quarter of which h…
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