Invesco is launching a new Nasdaq ETF to capitalize on the tech craze

In the ETF space, success begets success.



a tall building in a city: A view of NASDAQ in Times Square during the coronavirus pandemic on May 7, 2020 in New York City.


© Provided by CNBC
A view of NASDAQ in Times Square during the coronavirus pandemic on May 7, 2020 in New York City.

Just look at what Invesco is doing Tuesday. It’s launching a new product, the Nasdaq Next Gen 100 ETF (QQQJ).

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It might more appropriately be called the Nasdaq 100 Junior Varsity list.

The Invesco QQQ Trust (QQQ) started tracking the Nasdaq 100 Index in 1999. Since then, it’s become the fifth-largest ETF listed in the U.S., with $135 billion in assets under management.

Now, Invesco is looking to capitalize on the interest in technology and growth stocks by offering a new “junior” QQQ.

Any why not? QQQ is up nearly 40% this year. Shares outstanding are up nearly 20% since March, a sign of the exploding interest in the growth stocks the fund is famous for.

The Invesco

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Among Us, a murder mystery set in space, is the latest multimillion dollar craze in video games

As people stay at home across the world, their latest favorite pastime is a 2018 murder mystery game set in space called Among Us.





© InnerSloth


The game’s exponential popularity drove its developers to announce on Thursday they were canceling a sequel to the game, to better focus on growing the existing version. The game reached over a million players on September 3 and had grown to over 3.5 million concurrent users worldwide by Friday.

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“We canceled the sequel because we saw the opportunity to give back to the players a little bit faster than creating a new, better version,” Forest Willard, a developer at InnerSloth, which makes Among Us, told CNN Business. “It will be more work in the long run, but we’re excited for players to update the game, and suddenly there’s a brand new feature or map that unlocks new experiences.”

Among Us is based

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