No. of Recommendations: 1
Invesco QQQ Trust Series 1, better known by its ticker QQQ, is one of the most storied funds in the investing universe. It's also wildly profitable'just not for its owner, Invesco Ltd.
The success of the 'Qs,' as fans like to call the fund, is staggering. The ETF has almost $200 billion in assets under management, the fifth-largest in the $7 trillion ETF universe, and it spins off close to $400 million in annual revenue from fees alone, also among the most for ETFs. The bulk of its relatively hefty annual expense ratio of 0.2% is divvied between the fund's trustee, the Bank of New York Mellon, and the provider of the underlying index, Nasdaq. Anything left over must be spent on marketing the product, in accordance with the fund's prospectus. That leaves virtually nothing for its sponsor, Invesco.
Yet the company may have finally found a way to profit from its flagship fund's popularity with a series of Q-themed offshoots.
bloomberg.com - Qqq makes invesco no money so it created a family of baby qsSubscription required or
https://archive.ph/XAUKm 